Company Launches Interest Rate Reduction Program

PRLog (Press Release) – Jul 07, 2008 – Contact: Mark Wood
You Be aware LLC
1-800-594-2125 Ext 6800
info@youbeaware.com
www.youbeaware.com

Company Launches Interest Rate Reduction Program

A high proportion of people are paying higher interest rates than they need to.

Orlando, FL  7/2/08 — You Be Aware LLC has launched a new program to reduce the interest rates for consumers on their existing credit cards, mortgages, student loans and other finance commitments which can save the average family thousands of dollars. Unlike other companies, consumers do not have to enroll in an expensive debt management or debt settlement program to benefit and they do not have to do the work themselves.

You Be Aware LLC was first established 3 years ago and is dedicated to raising consumer awareness,  of the credit card, mortgage and debt options available in America today. The fact is that many consumers are unaware that they are able to reduce interest rates on credit cards, mortgages, student loans and other loans or do not know how to go about it. You Be Aware not only offers information and advice but also takes on the task of saving consumers thousands of dollars on their behalf and does it with a guarantee that if they don’t save you at least $1500 then their service is free.

You Be Aware exists to ensure that consumers are made aware of the financial options available to them in today’s complicated and sometimes unfair credit and debt industry. Consumer credit debt in America including mortgages stands at a staggering 13.3 trillion dollars while the Federal Reserve reports that almost half of American families could meet their financial commitments for less than one month if they lost their income tomorrow.
In a sustained period of interest rates being cut by the Federal Reserve to near all time lows, it is significant to note that consumer interest rates on loans and credit cards are increasing forcing many families into further hardship. Much of the cause for such high rates on credit cards can be blamed on a particularly vile practice by credit card companies known as “Universal Default”. Universal default happens when a consumer is late making a payment on an account or when their debt to credit ratio increases. Even though the consumer has never been late making payments, or exceeded the credit limit with the credit card company they will get a letter informing them that the interest rate on their balance and new purchases has been increased. The “default rate” can be as high as 29.99%. Most customers feel helpless to do anything about the situation, and because they need to use the credit card, simply accept it.

Mark Wood, a spokesperson for the company says; “If consumers have the leverage of a good credit record with a credit card company or mortgage provider then they are already in the driving seat when it comes to lowering the interest rate they are being charged. If they have had their cards or mortgage for more than two years and have never made any late payments or been charged over-limit fees then it should be a slam dunk to get their rates lowered especially if they are simply a victim of universal default.”

Mr. Wood continues; “Even those with less than a perfect payment record can benefit greatly because they are often the people who are paying the highest rates and carry the largest balances from month to month and therefore are potentially the most profitable customers to the banks. There are many people and websites out there that talk about consumers being able to get interest rates reduced but it takes some time and effort and a certain type of person to do it themselves. Unlike the rest, we actually practice what we preach and provide the service for the consumer. The secret to our success is persistence and using the same procedures every time. Of course the fact that we represent many consumers with the same lender also helps us to get our customers’ rates lowered.”

The company does point out that not all banks and credit card companies will be willing to cut their rates and so sometimes it may be necessary for consumers to consider moving their business to companies who will better appreciate their account but this should be a last resort.

You Be Aware offers its services to consumers through their website youbeaware.com at a flat rate of $499 regardless of whether they are able to save you $2,000 or $20,000 with their money back guarantee if they are not able to save at least $1,500. The company also offers optional membership which provides members with ongoing information, education and solutions to credit and debt issues as well as their rate reduction services for free each year for as long as they remain an active member.

Contact: Mark Wood
You Be Aware LLC
1-800-594-2125 Ext 6800
info@youbeaware.com
www.youbeaware.com

For additional information or a sample copy, Contact:
You Be Aware LLC, 5644 Commerce Dr. Suit C, Orlando, FL 32839. Telephone
1-800-594-2125 Ext. 6800

You Be Aware LLC acts on behalf of consumers to reduce their interest rates on credit cards, mortgages, student loans and other financial commitments with a guarantee to provide their service for free if they fail to save the consumer at least $1,500. Unlike other companies who just tell consumers it is possible to reduce interest rates, or those that require the consumer to enter into an expensive debt management or debt settlement program to benefit, You Be Aware does the work on behalf of the consumer for one low fixed price.