Fed steps in to regulate unreasonable credit card rules, while Debtmerica, LLC continues to provide an alternative solution to financial freedom and enrolls a record level of over 1,000 consumers into their program in December.
LOS ANGELES/January 15/PRNewswire/ – Millions of Americans fall victim to unfair credit card rules that cause them to fall deeper and deeper into debt every year. In December, the Federal Reserve Board finally decided to step in and has agreed to regulate and ban unreasonable credit card rules. The ban does not go into effect until July, 2010. Many people are wondering what type of solutions consumers have in the meantime. And what types of answers are there for consumers who have such large amounts of debt that it will take years for them to pay off? Debtmerica LLC, a debt settlement company headquartered in Southern California, has been fighting to help consumers in debt for more than 2 years now. The Company reached a record level of helping over 1,000 consumers settle down their debts in the month of December.
Debtmerica’s debt reduction program, aggressively tackles interest rates and debt balances. At the end of the program, debt balances are projected to be reduced by 40-60%. “At a time where our economy is declining and most Americans are lucky to even have a job, simple bans on a few credit card rules will not be enough to get consumers out of debt,” says Jesse Torres, co-founder and managing partner of Debtmerica, LLC.
It is apparent, that many Americans are finding alternative solutions to their debt problems, given the continuous increase in the number of client enrollments at Debtmerica every month. “At Debtmerica, we believe that our aggressive approach to settling debt and dealing with credit card companies is what sets us apart from any other debt solution,” says Torres.
After reaching a benchmark of enrolling over 1,000 clients into its debt reduction program in one month, Debtmerica continues to expand the Company to support the increasing number of clientele. It is projected to double in size by the end of 2009 and is also projected to help consumers settle approximately 75 million dollars of debt per month by the end of 2009.
“It feels really good to know that we have helped out so many consumers get out of debt. It was even more special to know that we reached our benchmark enrolling over 1,000 clients in the holiday month of December. We will continue to grow and will continue to support all the consumers who come to us for financial help during this tough economic time,” says Harry Langenberg, a co-founder and managing partner of Debtmerica, LLC.
For more information, visit http://www.debtmerica.com
About Debtmerica Relief
Debtmerica Relief, headquartered in Orange County, CA, provides assistance to families who are experiencing financial difficulties and hardship. Its focus on negotiated debt settlement provides a very powerful solution with the ultimate goal of helping its clients get debt free and remain so. By actually reducing debt balances over the course of the program and providing an affordable monthly payment, consumers can experience lasting benefit to their financial well-being.
SOURCE Debtmerica Relief
Public Relations Dept.