RICHMOND, CA--(Marketwire - Mar 20, 2012) - The U.S. Census Bureau has reported the number of credit card holders has increased from 176 million to 183 million between 2008 to 2011. The overall debt on the other hand, has decreased by approximately 79 billion dollars.
So how are American's lowering their debt in this economy?
Many individuals have been taking advantage of debt settlement companies, such as ExcelDebt Relief. Note that this is not a debt consolidation company, a common misconception consumers have experienced.
A debt settlement company is one which negotiates an individual's total debt, resulting in the debtor to ultimately pay only a percentage of the total.
Here are a few questions that should be answered prior to committing to a debt settlement program. Each one has been evaluated with our experience with ExcelDebt Relief.
Where is the company located?
A debt settlement company should always have a physical location which you can visit.
ExcelDebt Relief has offices in Richmond, San Jose and San Diego, CA, with knowledgeable representatives to assist you when needed.
Does the company have legal authorization to operate?
You should check with the Secretary of State or County Clerk's office to ensure the business is properly incorporated.
We verified ExcelDebt Relief with Contra Costa County clerk's office as an incorporated business entity. If you cannot confirm this information, it could be a sign of fraudulent activity.
Are you able to reach a representative?
You should be able to contact a representative with any questions during the company's business hours.
Each agent and negotiator at ExcelDebt Relief is available to meet with their clients to address any questions or concerns they may have. They are in regular contact with each client to keep them updated and informed on their status.
Is the company insured?
It is a positive sign if a business is taking responsible measures and is properly insured.
Grace Collins, a representative of ExcelDebt Relief, was easily able to show proof of insurance upon request, showing appropriate measures are being taken to operate a responsible business.
ExcelDebt Relief has established an effective program and proven results with prior clients who have graduated from their program. It is important to take immediate action with your debt to work towards a financially stable future.