Effectively fighting the record unemployment rate, Debt Free League, the pioneer of the National Debt Relief Stimulus Plan, continues its drive helping Americans and small businesses break free from the shackles of credit card debt. The debt settlement organization strikes again, this time releasing new and improved debt negotiation features and lower fees to its innovative debt elimination program.
San Diego, CA (PRWEB) November 15, 2009 -- Peaking at 10.2, the startling unemployment rate has exasperated Americans' struggles to keep up with credit card minimum payments. Because of the mounting job losses, there has also been a massive decline in credit card industry profits. In the third quarter of 2009, Bank of America Corp lost more than $2.2 billion, followed by Citigroup Inc., JPMorgan Chase & Co., and GE Capital, which lost 87% in profits. But the losses, primarily in credit card debt, have produced big wins for clients of Debt Free League, pioneer of the National Debt Relief Stimulus Plan.
Thanks to the company's 800-213-9968 Reduce Weight on Credit Card Debt Campaign, people with financial hardships, who were buried in credit card debt from late fees, over-the-limit fees, universal default charges, and high annual percentage rates (APRs), are on a successful path to avoid bankruptcy.
After joining the company's debt settlement program, delinquent cardholders, who were contemplating filing bankruptcy, have found refuge from abusive debt collectors. Legally thwarting off collection calls has allowed these satisfied clients to alleviate pressure from creditor harassment.
Creditor harassment is a leading cause of bankruptcy.
Various debt settlement letters at the company's website bear proof that in lieu of pursuing bankruptcy, people who were drowning in debt, can reach enormous debt negotiation victories.
Amongst the exhibited settlement letters is one for a $24,902.94 debt on a delinquent American Express credit card account. However, Debt Free League settled the suit for $7,470.88 - a seventy percent savings.
The debt settlement savings negotiated by Debt Free League are a positive example of the debt settlement industry, which according to The Association of Settlement Companies, returned $2.2 billion of consumer debt to creditors.
The company's bankruptcy alternative has also stepped it up another notch, now offering more flexible program enrollment guidelines and lower enrollment fees.
Incredibly, people can now enroll in the program a minimum debt under $5,000.
"Most debt settlement companies require you to enroll a minimum debt of $10,000, which leaves people with lower debts, who need debt relief, out in the cold. In response, we once again decreased our $5,000 minimum debt requirement to $2,500", declares Mark Anthony McIntosh, a debt negotiator of the firm.
After recently lowering their fees, people began touting the company as the Walmart-of-the-debt-settlement-industry. At a time debt settlement companies are raising fees to survive the recession they actually rolled back their prices.
Competitors typically charge a debt negotiation fee of 15% or greater of the client's total enrolled debt. However, the company boldly lowered this fee to only 10%.
Mr. McIntosh adds, "We don't rip off consumers with ridiculously high fees because our interest is to earn a long-term client. Lowering our fees has made a substantial improvement in producing faster debt settlements. By going with us, more of a client's money is going toward personal settlement funds instead of the payment of fees."
The low fees have allowed many clients to be debt free below the 36-month industry average.
For more information on the 800-213-9968 Reduce Weight on Credit Card Debt Campaign or other new program features, go online to National Debt Relief Stimulus Plan Benefits & Guarantees.
Debt Free League is the provider of the National Debt Relief Stimulus Plan. The debt settlement program is for consumers and small business owners who are struggling to make, or can't afford to make minimum payments to creditors due to a financial hardship, such as divorce, medical problems, loss of business income, or unemployment. Spanish services are available through their subsidiary, Libre de Deudas.
Contact:
Media Relations
800-213-9968
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