Free Debt Consolidation Assistance Offered By Free Debt Consolidation Inc. Helps Ease Debt Problems

Online, March 15, 2011 (Newswire.com) - It was in September 2008 that the United States credit card debt hit an all-time high of $975 billion. According to a recent report by the Federal Reserve, Americans owed a whopping $917 billion on revolving credit lines as of September 2009, and $69 billion of it is past due.

With these figures hounding credit card holders, most people have an idea about how to escape the credit card debt trap, but just do not how to get there.

With the average consumer household currently carrying around $15,000 in credit card debt, Free Debt Consolidation Inc. offers services that reduce minimum payments and interest rates which can, in turn, help them become debt-free. Free Debt Consolidation is a consumer information website that helps people be in-the-know about unsecured debt or credit card debt problems. Through Free Debt Consolidation Inc., it also offers debt relief services -- whether it is credit card debt or other unsecured creditors that are owed.

Free Debt Consolidation Inc. specifically tackles debt consolidation vs debt settlement, to find effective repayment methods that work to reduce minimum payments, reduce interest rates and other finance charges. Both schemes are sound options for putting a stop to the seemingly endless cycle that is debt.

Free Debt Consolidation Inc. presents the debt consolidation program, through which consumers can get one monthly payment that guarantees to clear their bills and debts within a short period of time. Besides the reduction or even elimination of late fees and charges, a debt consolidation program enables consumers to make payments on time and improve their credit score. A debt consolidation company should be approached by consumers to negotiate for restructured thus manageable payment methods on their behalf.

Debt settlement, on the other hand, works for consumers whom are primarily delinquent. Under this scheme, certain part of the debt in question may be immediately wiped out by a creditor.

Free Debt Consolidation Inc. frees consumers from the hassle of moving from institution to another to get favorable rates. The website is backed by advisors who offer two free debt consolidation quotes in just minutes. At the consumer's approval -- subsequent to discussions -- consolidation companies, through their servicing agent, sends proposals to the creditors proposing new debt consolidation terms.

Free Debt Consolidation Inc. underscores the importance of educating consumers on debt and how these bills can be resolved. As such, this website is home to useful articles on how to deal with both collection and credit card debt.

Households interested in learning more about debt consolidation options can visit http://www.freeonlinedebtconsolidation.com for more information.