Credit Card Debt Relief: Is It Safe?

As professionals with long standing experience in the field of debt relief

, there's nothing that your authors detest more than when one of our supposed colleagues abuses his or her position. While only a tiny fraction of the licensed debt relief agents working around the United States of America ever consciously prey upon their clientele in such a fashion, even a single rogue debt relief specialist can prove intensely damaging to more than just the heads of household hoping vainly to be released from the shackles of credit card debt.

Public perception is a slippery slope, after all, and the sensationalist coverage so beloved by most of the news media sources hardly helps matters. The entire debt relief industry remains so dimly understood by the ordinary families suffering from towering credit card debt accounts that most people are more than willing to believe that settlement negotiation and other effective approaches are nothing more than scams, and the continuing deluge of faux journalistic exposs hardly leads to a more complete understanding of the methodology that traditional debt relief counselors implement.

In a way, the natural resistance toward debt relief felt by so many Americans should be recognized as an almost expected reluctance to confront the new possibilities for compensation of credit card debt balances that have been developed over the past few years. Sad but true, many consumers find themselves overwhelmed by the multitude of notions that currently have transformed the landscape of debt relief. Things were certainly simpler when the only two options that existed regarding credit card debt were the slow and painful monthly repayment process or the credit destroying black hole of Chapter 7 debt elimination bankruptcy protection.

Odd as it may seem, some folks genuinely fear the new opportunities for the heightened reduction of their accumulated credit card debt even more than they worry over the effects of, say, compound interest upon Annual Percentage Rates hovering around twenty percent. It's an irrational fear, one that most people could not readily articulate, but nevertheless the frustrated misunderstandings of new debt relief solutions like settlement negotiation have helped to create the exaggerated distrust of unfamiliar strategies and financial counselors who operate primarily over the phone and internet from a remote location.

Of course, it would be disingenuous for us to claim that every single man and woman employed within the practice of debt relief would be completely and utterly above reproach. As a matter of fact, while a criminal mindset could be found lurking amidst the nooks and crannies of any profession, we would even go so far as to say that the as of yet relatively unrestricted outer rim of consumer finance has the capability of attracting a more nefarious sort of character. (though the Federal Trade Commission and various state legislatures are working as fast as they can to ensure that the more free wheeling tinges of debt relief are brought under more stringent guidelines)

However, to the extent the aforementioned passage is indeed true, the same could be said for banks or mortgage lenders or any other financial institution whose stock in trade is the desperation of economically strapped households. As with the more traditional loan officers and finance companies, essential similarities of product mean that nothing will be more prized than a reputation for effectiveness and due diligence.

Even though older Americans unfamiliar with the intricacies of the latest technology may believe and may have allowed the slavishly pandering media reports to falsely ground such beliefs that the internet protects far flung criminal enterprises behind an impenetrable digital mask, the realities of online web sites and message boards could be viewed as quite the opposite. Even the slightest degree of research conducted upon the computer should instantly highlight a suspect debt relief firm or agent and almost guarantee the security of credit card debt relief efforts boasting hundreds of satisfied clients.

Credit Card Debt Relief: Is It Safe?

By: Cole

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