PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Credit Solutions

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Rising Mortgage Rates Drive Debtors To Seek Alternatives - Almost 20 percent of mortgage loans nationwide are delinquent or in foreclosure, up from 10 percent in 2004 and 2005, according to CNNMoney. Some financial analysts do not expect a turnaround before 2009 - CreditSolutions.com
Rising Mortgage Rates Drive Debtors To Seek Alternatives

 

NewswireToday - /newswire/ - Dallas, TX, United States, 2007/08/16 - Almost 20 percent of mortgage loans nationwide are delinquent or in foreclosure, up from 10 percent in 2004 and 2005, according to CNNMoney. Some financial analysts do not expect a turnaround before 2009 - CreditSolutions.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Credit Solutions is offering assistance to the thousands of consumers caught in the credit debt crisis, allowing them a way to living debt free. Consumers debt continues to rise, foreclosures nationwide are increasing, while the stock market is dropping. America’s massive consumer debt grows daily and many are seeking alternate services to reduce their debt and regain control of their lives. CNNMoney.com reports the average American household has $9,200 in credit card debt alone.

The rising interest rates on mortgage loans are forcing an increased number of foreclosures. Lenders are tightening mortgage terms and many are removing subprime loans from the marketplace. Subprime mortgages, or mortgages given to candidates with blemished credit reports, are much riskier loans for lenders. At the end of 2006, 17.9 percent of subprime loans were 30 days delinquent or in foreclosure and that number has risen to 19 percent this year. This change has some subprime lenders across the country filing for bankruptcy protection and others tightening lending terms.

Consumers burdened with a large amount of debt are seeking other solutions to reorganize their finances and eliminate their debts. The current economy is hurting some consumers and decreasing their credit ratings. They can only begin repairing their credit score once they remove their poor credit history. Once a credit score is repaired, loans with better prospects are made available to former debtors.

Credit Solutions provides its clients with an alternative to traditional means of debt management, such as bankruptcy or debt consolidation, which can tarnish a credit report and increase the time to recover financially. As a leader in the debt-settlement industry, Credit Solutions has managed over $1.2 billion worth of debt and that experience provides clients a manageable way to begin living debt free.

“Our debt-reduction service offers consumers a solution to their debt problems and a means to living debt free,” said Credit Solutions CEO, Matt Reivitt. “People in debt often cannot envision a life without debt, but we help them see a better future by offering them an effective and efficient debt solution,” he said.

Credit Solutions, which recently celebrated four years in business, has grown from a four-person team to more than 700 employees. The company’s growth shows its successful record in helping more than 70,000 families begin living debt free. These families now can regain good credit standing and enjoy a life free from debt.

Credit Solutions (creditsolutions.com) is a member of the Greater Dallas Chamber of Commerce, the American Bankers Association and the United States Organizations for Bankruptcy Alternatives (USOBA). It recently received the prestigious J.D. Power and Associates (jdpower.com) recognition for “An Outstanding Customer Service Experience” for their national call center operations.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Credit Solutions

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Rising Mortgage Rates Drive Debtors To Seek Alternatives

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Heath Tudor - CreditSolutions.com 
941-468-2453 htudor[.]creditsolutions.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Credit Solutions securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Credit Solutions / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico
TRA Searches for TPA Acquisition Opportunities

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)