OCEANSIDE, Calif., June 14 /PRNewswire/ -- The number of Americans filing for personal bankruptcy is skyrocketing, largely fueled by foreclosures and job losses, according to figures released by the National Bankruptcy Research Center, which compiles and analyzes bankruptcy data. In fact, consumer credit card debt has surpassed $961 billion, and 97 percent of consumers seeking pre-bankruptcy credit counseling are unable to repay their debts.
Debt settlement is becoming a popular bankruptcy alternative for consumers experiencing financial hardships. While many services are available to consumers, DebtPilot(TM) allows the client to control his or her own savings. The typical cost is 2 percent to 10 percent of debt total (vs. 22 percent to 28 percent with traditional programs). In addition, DebtPilot's unique features include:
- No third-party bank account holding and controlling your money
- No power of attorney
- Insider information from experienced negotiators specializing in debt settlement
- The latest information about all debt programs available
- Solutions for those who have unsuccessfully tried credit counseling and/or debt management
- Negotiation tactics and tips for dealing with individual creditors
- How to overcome objections and hurdles with creditors
- How to "clean-up" one's credit report after the fact.
"Investigating traditional debt settlement companies was an eye-opener for me," said company founder Matthew Smith. "After seeing all the 'hidden' fees and realizing that most clients were not getting the help they needed, my staff and I developed a user-friendly, do-it-yourself debt settlement guide that's highly effective and affordable."
Using the same tools and tips included in DebtPilot, people are able to save thousands. Recently, Larry H. from Milpitas, CA, asked for help with his $60,953.85 in debt. Using the same techniques included in DebtPilot, he was able to eliminate $51,000 of that debt.
Smith emphasizes how easy it is to get started. A consumer orders and reviews the DebtPilot(TM) guide, consults with his or her debt coach, and saves the suggested settlement funds in his or her own bank account. Settlements will start to be presented after only a few months of being delinquent. DebtPilot(TM) provides expert coaching and advice so the consumer will know when is the right time to present or accept an offer, and if it is the best possible settlement option.
In addition to receiving larger amounts of debt forgiveness, settling debt yourself will save thousands in fees. Consumers can quickly input their total debt amount and the free calculator will show how much they can save at http://www.maxaudience.com/q.html
About the Founder
Matthew Smith founded DebtPilot(TM) and HTTP://www.YourCreditRights.org to help individuals eliminate debt -- without paying huge fees -- and avoid bankruptcy. DebtPilot's senior coach is an Institute of Consumer Financial Education-certified credit report reader and ICFE identity theft expert. Debt Pilot's experts have handled 10,000-plus accounts, with more than $48 million settled at an average of 42 percent.