Credit Solutions Crosses $800 Million Mark For Total Consumer Debt Settled
2009-01-13 18:05:04 -
Credit Solutions set a new industry record this month, settling $800 million in unsecured consumer debt over the past six years, $25.7 million of that solely during December 2008.
Americans currently owe some $2.5 trillion in unsecured debt1, and in a recent Pew Research Center poll, 61% judged their personal financial situation as fair or poor.2
"There's a reason we're the market leader," says Credit Solutions CEO Doug Van Arsdale. "The days of debt consolidation loans and high-interest lines of credit are coming to an end. Customers are no longer looking to just move their debt; they're looking for real help in eliminating it."
Since its 2003 inception, Credit Solutions has helped 200,000 clients nationwide manage $1.75 billion in consumer debt, settling more than $350 million in the past 12 months alone due to ongoing efforts to make the settlement process as stress-free as possible for clients.
In 2008, Credit Solutions introduced a number of new technologies designed to streamline the debt settlement process. It launched a Spanish Web site, espanol.creditsolutions.com, and made it possible for all clients to accept settlement offers online with .Net eSign capabilities. In addition, Credit Solutions reaffirmed its commitment to customer safety by becoming a charter policy partner of The United States Organization for Bankruptcy Alternatives (USOBA), the leading debt negotiation industry association dedicated to consumer protection.
"What differentiates us from other debt settlement companies is our relentless focus on our clients," Van Arsdale says. "Ultimately, we do more than just settle debt on behalf of our customers; we relieve credit-anxiety and equip our customers to remain debt-free moving forward."
In the words of an Amarillo, TX client: "I am eternally grateful - not only for your helping me to get out of this dilemma, but also for the kindness you showed me and the time you took with me to get this going. There are guardian angels"I met mine when I met you.?
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 about Credit Solutions' debt settlement program, visit either www.creditsolutions.com or espanol.creditsolutions.com, or call (800) 353-7630 anytime, 24/7.
1Federal Reserve Statistical Release on Consumer Credit, U.S. Federal Reserve, Dec. 5, 2008.
2Bearish Outlook Fuels Consumer Cutbacks, Pew Research Center, Dec. 11, 2008.
Credit Solutions
Bronwen Walsh, 972-763-7441
press@creditsolutions.com
