Chicago, IL (PressExposure) January 17, 2012 -- Credit card holders who lie awake at night worrying how to pay the bills and get out of debt have an option they may not know about at FranklinDebtRelief.com. The debt settlement organization Franklin Debt Relief helps consumers settle their credit card debt and get a fresh start.
Under the Credit Card Debt Relief Act, consumers can have up to 60% of the first $10,000 of their credit card debt forgiven by the creditor. According to Franklin Debt Relief, this is a good start, but more can be done to offer credit card relief to beleaguered consumers.
"Credit card relief is the only way that some consumers will ever pay off their credit cards. At Franklin we practice debt settlement. This is an aggressive from of relief. We work with the consumer and the creditor to reduce the amount owed. Some consumers are able to settle their debts for less than the amount owed complete the debt relief program and become debt-free."
Consumers have several choices when attempting to become debt-free. Debt consolidation companies can combine several credit cards, loans and other liabilities into one loan. While this does not actually reduce the amount owed, it does lower the interest rate.
Credit counseling is another option, which also uses debt negotiation and debt settlement techniques to lower credit card debt and minimum payments.
Bankruptcy, while well-known as a method for getting out of debt, is a last resort due to the serious implications for future credit.
Debt settlement or debt negotiation, as practiced by Franklin Debt Relief, is often the "cheapest and fastest debt relief option other than bankruptcy," according to the company.
"Our services are for the consumer who is buried in credit card debt and is barely able to manage the monthly payments," Franklin Credit says. "Some of our clients come to us already far behind on their debts. These are people who have no savings with which to pay their debts, get calls from creditors at home, and may not even know how much they owe because they're afraid to look at their monthly statements."
Fear of creditors and of the truth about credit card debt is common among overextended credit card holders, and far more Americans are in this situation than many people realize. Seeking helps sooner rather than later is the only way to stop the hemorrhaging.
Consumers seeking debt relief help can contact Franklin Debt Relief via email: firstname.lastname@example.org or call us at: 888-906-1150