Lymington, Tasmania Australia (PressExposure) October 19, 2011 -- The ease with which individuals can accumulate debt beyond their means to repay has precipitated a massive increase in the average level of household and consumer debt.
It appears that in spite of the catastrophic financial crisis in 2008, lessons from past mistakes have not been learned. In fact the US Federal Reserve Bank has stated that 40 percent of households simply spend more than they earn.
Credit Scorex has made two significant moves to assist individuals who are plagued by consumer debt. The first of these is the development of a Debt Management Membership Program which is scheduled to be released to the public on 1 November 2011.
This Program will have 10 Modules which will be available to members on a weekly basis over a ten week period. Modules will comprehensively cover budgeting, consumer debt, credit score, card cards, foreclosure, insurance, bankruptcy, employment, and retirement. It is anticipated that members applying the principles contained in the program's Modules will have succeeded in retiring their debt by the end of the ten weeks.
The Program will be available at a minimal cost to keep it within reach of persons struggling with the pressure of consumer debt. Membership will be restricted to just 1,000.
In the second move Credit Scorex has become an Affiliate of CuraDebt.
CuraDebt is one of the top rated debt-help companies in the US based on years in business, clients served, and overall customer satisfaction. They offer Attorney backed Programs for debt settlement, consumer debt, credit card debt, debt negotiation, consumer credit counseling, tax debt relief, loan modification, lender litigation, student loan default relief, business debt consolidation, and debt consolidation.
Rusty Armstrong, a spokesperson for http://www.creditscorex.com recently stated, "A major part of our endeavours to assist persons facing up to a consumer debt problem, is tackling credit card debt as this has grown dramatically. In fact statistics indicate that the average credit card debt, per householder, is $5,100 and is expected to increase. Even more disturbing is that 1 in 50 households have more that $20,000 in credit card debt.
"If we can make an impact on reducing this level of consumer debt through our Debt Management Program and our affiliation with CuraDebt, I believe we'll have made a positive contribution to our community".