“(Vocus/PRWEB ) September 23, 2009 — A new academic white paper released today finds that the debt resolution practice known as ‘debt settlement’ offers “the most immediate form of debt relief available to consumers in today’s tenuous economy,” and may even improve the odds for a sustainable economic recovery.”
To read the entire article click here
I couldn’t agree more with the statement that consumers entering into a debt settlement program may help our economic recovery. It’s similar to our current mortgage “modification” madness, wherein homeowners are applying by the bucket loads to have their lender restructure their mortgage into payments that are affordable. If modifying mass quantities of our nations mortgages will ultimately help homeowners from foreclosing, and ultimately further help banks from loss and nationwide economic disaster, why not the same for helping out consumers with Credit Card debt?
If a consumer cannot afford their credit card payments, due to loss of income, they likely they will remain indebted for years and years or be forced into bankruptcy. Bankruptcy is obviously bad for our economy, because everyone ends up paying for it. So why not offer consumers a better option to pay off debt in an affordable amount and within a reasonable time frame? What we’ve known for years that Debt Settlement IS the option, we’re just glad to see the new study conclude the same.
