Debt Settlement America is Proud to Announce its March Success Stories

Online, April 5, 2010 (Newswire.com) - As the economy continues to struggle, many Americans are falling into debt. Some may even find themselves so deep in debt that they may feel they are in a situation they can no longer control. These consumers may be wary to rely on others to help them resolve their outstanding debt, and getting into a debt settlement program may sound like a risky solution to some. However, debt settlement has not only been proven beneficial to consumer welfare, its success can be seen in the stories of regular people who have directly benefited from such a solution. Debt Settlement America (DSA) secures settlements on accounts with balances large and small and works with numerous companies and original creditors for clients all over the nation. DSA is proud to share just a handful of the success stories they have helped Americans achieve in the month of March.

At times a consumer may start to feel discouraged by the size of larger account balances, and may even begin to think that settlement on the account is impossible. However, Debt Settlement America's negotiators work diligently to provide clients with low settlements on accounts of all sizes. One client of DSA's found themselves out of a job around the same time that they welcomed a new baby to their family. This client was able to find a new job, but at a reduced rate. DSA's negotiators helped to ease the financial burdens on this growing family by settling one of their accounts for less than half of the balance, allowing the client to pay only $5,864.00 on an outstanding balance of $13,979.09. Similarly, another client of DSA's was struggling to make ends meet. Credit card rates, cost of living, and fuel prices increased at a pace the family was unable to keep up with. With the help of DSA, this family was able to settle an account with an outstanding balance of $14,154.26 for only $6,450.00, paying less than half of the balance at the time of settlement, and taking one big step closer to financial stability.

DSA understands that sometimes even small account balances can contribute to a larger debt problem, and works to secure the best settlements on these accounts as well. A client of DSA's had recently welcomed a new addition to their family. The mother reduced her hours at work in order to care for the new baby, meaning that as the family grew bigger, the family income got smaller. DSA helped this family cut one of their account balances in half. This client was able to pay only $1,408.56 to settle a debt with an outstanding balance of $2,817.13. Another client that was also struggling to make ends meet. This client saw their interest rates and fees increased to the point where they could not longer feed their family and continue to make minimum payments on their credit card accounts. This client, through the work of DSA, was able to settle one of their accounts with a balance of $4,351.00 for only $1,550.00, saving over half of the current amount due.

These stories represent just a few of the ways in which DSA works to help individuals resolve their financial worries. Debt Settlement America's negotiators negotiate on a consumer's behalf to secure settlement on their unsecured debts. With programs typically lasting three years or less, debt settlement allows a consumer to pay off debts owed to each creditor for less than their current balance with one lump sum payment. The settlements are binding and ensure that no further collection efforts or legal action will be taken on the settled accounts.