IRVINE, Calif., Dec. 30, 2015 /PRNewswire/ -- The number of Americans making financial resolutions for New Year's is on the rise for 2016, according to a recent Fidelity Investments consumer survey.
About 37 percent of respondents said they were considering making a financial resolution, up from 31 percent in 2015, the survey found. Specifically, 11 percent said they planned "paying down credit card debt," an all-time high for that response in the survey's seventh year, and more than double last year's 5 percent.
Rescue One Financial CEO Brad Smith said his company, recently ranked 12th on the Inc. 500 list, is eager to help consumers gain control of their debt with several debt relief options that are better alternatives to bankruptcy.
"Although we expect the economy to continue recovering in 2016, we also realize there are thousands of Americans who are still struggling with debt," Smith said. "We know there are still many people who are barely making their minimum monthly payments, making little or no progress on their debt. Those are the people we are best situated to help."
Smith noted a recent study by NerdWallet that found the average indebted household's credit card debt increased last year for the third consecutive year, from $15,054 to $15,354 in 2015 – a 20-percent jump. Wage growth continued to lag behind increased costs of living, making debt repayment ever harder.
Irvine, Calif.-based Rescue One Financial's programs include debt resolution and debt management. "Our debt resolution program allows you to steadily pay down your debt after we have negotiated with your creditors to accept less than what you owe. We won't receive a fee until we have reached a settlement on your behalf, which is fully compliant with the Federal Trade Commission's Telemarketing Sales Rule."
Debt management is a tailored repayment program designed by a third-party finance management professional to help consumers, buried by unsecured debt and high interest rates, pay off that debt.
A debt management plan is a hardship program that benefits consumers meeting specific criteria. It is not for everyone. Qualifying consumers must adhere to a strict set of requirements that will be outlined and explained by the finance management professional.
Rescue One Financial
This release was issued through WebWire(R). For more information, visit http://www.webwire.com.
SOURCE Rescue One Financial