IRVINE, Calif., Sept. 13, 2016 /PRNewswire/ -- With revolving debt rising, local finance company Rescue One Financial of Irvine California has recently announced that they are doing their part to help families escape the cycle of debt accumulation and start fresh from low credit scores and never-ending credit card statements. In 2016, American households are averaging a staggering $16,048 in revolving-debt annually, bringing the national credit card debt average to 793.1 billion dollars. According to a study currently conducted by The Federal Reserve, debt statistics will continue to steadily rise in the foreseeable future as a direct result of student loans.
As an alternative to bankruptcy, debt resolution works by creating a low monthly or lump payment instead of current multiple payments to different creditors through the help of negotiations by a debt consultant. By helping to make a household's multiple statement payments easier, debt resolving opens up noteworthy leeway for other necessities and can stop unwanted phone calls from a the card owner's creditors. While each situation will be as unique as each family, debt resolution can offer great enough savings on monthly payments that many families can catch back up and pay off debts within a shorter period of time than first expected.
In addition to saving families money, debt consolidation can offer a rise in credit scores for families who have missed payments, made late payments or who have made minimum payments for lengthy periods of time. This is especially true since Americans are still so fresh off of the recession when banks and lenders are still hesitant to offer loans to even those with good credit. A rise in credit score can make all the difference in a household's financial status not only for the present, but also for the future.
With an experienced staff of 72 financial and consumer debt consultants, the Rescue One Financial reviews of Irvine California are a testament to the company's consistent A+ BBB ranking.
After submitting an application online or by telephone, customers can expect a swift response from Rescue One's consulting team who can offer decisions within 24 hours of an application's review.
For more information, please visit: rescueonefinancial.com
Rescue One Financial
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SOURCE Rescue One Financial