Consumer Debt Advocate - How to Locate Legitimate Credit Card Debt Relief

Feb. 21, 2010 - PRLog -- This is forcing you to put many more expenses on your revolving credit card just to meet the cost of living. It’s no surprise that people are desperate and afraid now that their money supply is short.

How To Select A Consumer Debt Advocate

Hector Milla Editor of the "Credit Card Debt Free" website -- http://www.CreditCardDebtFree.org -- pointed out;

“…One way to get relief from harassment over your ever increasing revolving credit debt is to find a consumer debt advocate and ask to sign up for a credit card debt settlement program. Unfortunately not all consumer debt advocates are legitimate, reputable, and able to give you the expertise you need for successful implementation of a settlement with your charge card company…”

What then are the things you need to do to locate legitimate credit card debt relief from a debt settlement program.

Here are some of the criteria that legitimate financial companies in this field meet to help you resolve your arrays. First, they are accredited to do debt settlement. Second, they are members of The Association of Settlement Companies, often known by their acronym, TASC. Third, they are members of the Better Business Bureau. Fourth, they belong to a local area Chamber of Commerce. Fifth, their staff members, the counselors who will be helping you, are certified debt arbitrators. And sixth, this company will be licensed and bonded for your state.

How Settling Your Financial Obligations Will Free You

“…A company that agrees to help you settle your debt will work to free you from the burden of as much as 60 percent of your current financial obligation. They can do this because they are familiar with exactly how to talk to credit charge companies and make them understand your situation. Naturally, the charge card company will want all their money, so this company will ask you to stop making payments entirely until a new credit charge agreement can be reached. In the meanwhile, you will be putting the money that you normally sent to the charge account credit company away into a savings account. This money will be sent in lieu of a full payment after the card company agrees to renegotiate and accept the new offer. You will now be completely financially free of the open-end credit debt…” H. Milla added.

Further information about trusted and reputable companies for credit card debt settlement by visiting; http://www.CreditCardDebtFree.org