"We saw that residents of Philadelphia have an average of $62,280 in total debt of which $6657 is credit card debt. This total amount of debt compares very unfavorably with the average total debt per American with a credit file of just $53,850. In addition, Pennsylvanians had an average annual income in 2012 of $50,228 making it clear why so many of them are struggling with bad debt.
“We were also concerned because Pennsylvania has an unemployment rate of 5.7%”, said BestDebtConsolidationLoans.org spokesperson Jimmy Saver. "We felt that based on these statistics it was important to learn which would be the best three credit consolidation companies available to Philadelphians.
"We used six factors in analyzing these companies," Saver continued. "They were customer satisfaction, debt solution alternatives, fees, customer service, business ethics and financial standing. National Debt Relief scored very highly in all of these areas, especially business ethics. The funds its customers send to National Debt Relief are placed in a trust account that only they can manage. When it settles a debt to a customer’s satisfaction he or she releases the funds, which National Debt Relief then uses to pay for the settlement. In addition, National Debt Relief charges nothing for its services until it has settled all of a customer's debts satisfactorily and he or she has approved a payment plan."
National debt relief has consistently maintained an A Rating with the Better Business Bureau and is a member of the American Fair Credit Council.
“National Debt Relief also scored highly in customer satisfaction as the majority of its customers have said they were "very satisfied" with the company's services. Plus, it never charges its customers any upfront or maintenance fees,” said Saver.
The company ranked second best for bad credit debt consolidation is CuraDebt. It scored highly in customer service in that it can help its customers not just with bad credit card debt but also with tax debts, student loan debts and the defaulted loans. The company has been in business for more than 13 years and offers prospective customers a free initial consultation and free savings estimate. BestDebtConsolidationLoans.org also gave CuraDebt high marks because it has good working relationships with the credit card companies and is almost always able to keep the promises it makes to its customers in terms of bad debt consolidation.
Ranked third for bad credit debt consolidation is Consolidated Credit. Saver noted that, "The problem we had with this company is that it offers only one solution – consumer credit counseling.” On the positive side, Consolidated Credit does offer a free debt evaluation. Based on this evaluation, a Consolidated Credit counselor will recommend the best debt consolidation option for that particular customer. In many cases that option will be a debt management plan. When this is the case, Consolidated Credit tells the customer how much they will be required to pay each month and how long it will take to complete his or her plan. "Credit counseling can be a good way to get debts consolidated," remarked Saver, "but for some people it will not be as good an alternative as, say, debt settlement."
Residents of Philadelphia that are having a problem with bad credit card debt and would like to learn more about these companies should go to the website http://www.BestDebtConsolidationLoans.org for more information.
Jimmy Saver, Best Debt Consolidation Loans, http://www.bestdebtconsolidationloans.org/, +1 (877) 869-5111, [email protected]