New York, NY (PressExposure) May 25, 2011 -- Jefferson Debt Settlement is now available nationwide to provide consumers with solutions for their debt problems. Consumers who have an unmanageable debt load no longer have to consider bankruptcy as their only alternative with the debt management programs available through Jefferson Debt Settlement.
In an economy that has been slow to recover, more and more consumers have fallen behind on their credit cards and other types of revolving or installment debt. Creditors have taken note of this trend and have become more willing to negotiate a debt settlement through agencies like Jefferson Debt Settlement who act on the consumer's behalf.
In a debt settlement agreement, the creditor agrees to accept a portion of the balance as payment in full and to forgive the rest of the balance. For example, a consumer who owes $10,000 on a Visa credit card and has fallen several months behind on payments enters a debt settlement with a creditor in which only $4,000 is due to settle the account. The remaining $6,000 in this case does not have to be repaid.
Jefferson Debt Settlement is a company of trained debt negotiators who work on behalf of frustrated consumers seeking a solution to their debt problems without having to file bankruptcy. Their debt settlement program is referred to as the "New Deal" and the target goal for most clients to complete this program is 12 to 30 months with a reduction in debt averaging 40 to 60 percent.
Consumers who feel they may benefit from participating in the New Deal program at Jefferson Debt Settlement are asked to fax the most recent statements from their past due credit accounts. A trained debt negotiator will analyze the statements and give the consumer a fair assessment regarding whether Jefferson Debt Settlement can get debt reduction results for them. If it appears to be a good match, paperwork will be generated and Jefferson Debt Settlement will begin the process of negotiation with the client's creditors.
If Jefferson Debt Settlement feels that the client would be better served with a different type of program, they will not hesitate to refer them elsewhere. Jefferson Debt Settlement is dedicated to the consumer and their goal of becoming debt free, even if this means referral to another agency or program.