SOURCE: National Debt Relief Program
CHICAGO, IL--(Marketwire - Aug 27, 2012) - Debt management and consumer credit counseling programs continue to be a beacon of hope for countless American individuals and families who are struggling with personal debt such as that from credit cards and medical bills. In response to the great need that exists today, service providers have streamlined the application process.
With the U.S. national debt poised to reach $16 trillion this week, personal debt is also a serious issue that affects millions on a daily basis. The need to pay off credit debt is complicated by the need to put food on the table. Yet while we can only hope the government gets its fiscal house in order, debt management and consumer credit counseling services are continuously helping consumers get back on track to financial freedom and responsibility.
Debt management typically involves a third party assisting a person with repayment of his or her debt. Many companies specializing in credit counseling offer debt management plans to help people with heavy debt and damaged credit get their financial situation under control. Debt management plans help people decrease and eliminate debt.
The plans work best with "unsecured debt," or debts such as credit cards, bank overdrafts and personal loans. Debt management can be extremely helpful for those who find themselves with too much debt to manage.
Consumer credit counseling is typically a service for consumers that helps them set up a budget and repayment plan with creditors. The counselor also usually tries to work with creditors to lower interest rates and fees. Reputable services will provide some free counseling. Debt counselor help has become increasingly popular during the current economic climate.
Those who find themselves struggling with or otherwise buried in debt should consider these debt relief options: credit counseling from a reputable organization, debt consolidation, debt settlement, realistic budgeting and in extreme cases -- bankruptcy. The good news is that debt help is widely and readily available today.
National Debt Relief Program offers a free debt analysis which can be taken advantage of at their website: