2008-12-23 17:59:01 -

espanol.creditsolutions.com - Credit Solutions has launched espanol.creditsolutions.com, a Spanish-language version of its Web site designed to extend the debt settlement industry leader's reach by servicing what is now the largest U.S. minority group.1
Since about 40% of all subprime loans nationwide in 2006 were issued to Latino households, Hispanic families have been particularly hard-hit by the current recession, and a disproportionate number is struggling against foreclosure.2
Non-white Hispanic Americans are 39% less likely to own a home, and Latino families who are homeowners experience higher total amounts of debt and are more likely to be victims of predatory lending practices.3
The good news is that, by 2012, 40% of first-time homebuyers in

the U.S. are projected to be Hispanic.4
Among the new Spanish-language site's features are advice, tips and tools designed to empower clients to achieve a debt-free lifestyle, including:
- An overview of why debt settlement is the preferred option over a debt consolidation loan, credit counseling or declaring bankruptcy.
- A video portal of client testimonials, with summaries of past success stories.
- Actual settlement letters from lending sources detail real-world experiences of settled accounts, showing the actual savings in each case.
- An up-to-the-minute, live ticker tracks the total dollar amount of consumer debt that Credit Solutions has settled since its founding in 2003.
About Credit Solutions
The nation's debt settlement industry leader, Credit Solutions is recognized by the American Business Awards for the "Best Customer Services Department in Financial Services." A platinum-level member of the International Association of Professional Debt Arbitrators, Credit Solutions also is a charter policy partner of the United States Organization for Bankruptcy Alternatives. For more information, visit www.creditsolutions.com or call (800) 353-7630.
1 Facts for Features: Hispanic Heritage Month 2008, U.S. Census Bureau, Sept. 8, 2008.
2 A Snapshot of the Subprime Market, Center for Responsible Lending, 2007.
3 Hispanic Homeowner Seminar, U.S. Department of Housing & Urban Development, June 1, 2006.
4 A Warm Welcome: Despite barriers, Hispanic homeownership may be the fix for national housing crisis, Carolina del Norte, Sept. 2, 2008; source: National Association of Hispanic Real Estate Professionals.

Credit Solutions

Bronwen Walsh, 972-763-7441

press@creditsolutions.com