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Debt Settlement Helps Beat Credit Card Debt: Someone please inform the news media

If you credit card debt so high you can not make monthly payments to all of your obligations, debt settlement may be your solution. But you're not likely to see or hear that in any newspaper or TV stories on the topic.

Journalists feel your pain, but they do not appear to understand it. After sampling the flood of news accounts published at regular intervals the subject want as it does not seem it. If did, they could try to actually talk with someone in the debt settlement business.

Research is a forgotten Word in newsrooms?

Full disclosure: I am in the debt settlement business for years. But this is not about me, it's about you and important Information to help you out of debt – if it could only get reported. Credit card debt is causing serious problems and we need better reporting over all possible solutions.

I have to mention that to see a good solution company in a newspaper article, and there are plenty of them. But it seems that journalists have made their mind before they start.

To illustrate two recent articles in national publications my concern, one by one Associated Press reporter and one in USA Today. I will get this in a minute, but let us first consider some basic facts that every good debt settlement Specialist would tell you when it comes to credit card debt or other unsecured debts.

Debt settlement:

* Is not for everyone – in the It is generally for people with more than $ 10,000 in unsecured debt, which has a hardness such as divorce, job loss or medical bills, making it impossible makes keeping encountered with their financial obligations;

* Plays an important and legitimate role in supporting these people slash credit card debt and again control their lives;

* Steadily gained acceptance since 2005, when new laws made Chapter 7 bankruptcy almost impossible for most people, and

* Gets Better Business Bureau complaints less than a popular alternative to credit counseling and successfully solves a higher percentage of them.

Is it bad Company? Of course there is, but some journalists seem to think, "Poor" is the only kind Let's get to specifics.

Absence important information from Associated Press Story

A recent article by Candice Choi, Associated Press has run nationwide in online and offline publications. It is typical for the current course of the article – is incomplete and only partially covered.

Choi attributed any thoughts or quotes for each in the debt settlement industry it was about writing. Instead, they extensively quoted an executive of the National Foundation for Credit Counseling, and provided a link to the NFCC website. The debt settlement Industry, starting with NFCC was established by banks and credit card companies. Its purpose is legitimate and important. But does anyone think an organization founded and supported by the Bank's seal of approval and share interests on a legitimate and highly effective alternative to reducing credit card debt? Do not hold your breath.

There was no Notes from The Association of Settlement Companies (TASC), the professional association for the debt industry. Maybe Choi TASC tried to contact may not. Had they done so, and not getting an answer, it seems they would have mentioned that in their history.

Half of the way with USA Today

A 21 July 2009 article in "USA Today" by Sandra Block gets slightly higher marks, and offers complete support for people with high credit card debt. She used a quote nominally cheaper, the debt settlement industry:

"For some borrowers with large debts that are five years not to be paid back within three, a reputable debt settlement company can offer an alternative to bankruptcy, says Gerri Detweiler, credit advisor for href = "http://credit.com/"> Credit.com, consumers locally. "

That would have been even more impressive to not block our industry a "Weight-loss product that you increase compared to 10 pounds of root causes."

For more information on credit card debt solution called block readers debtadvice.org and the website of the Association of Independent Consumer Credit Counseling Agencies. She made no mention of TASC, let alone a link to that organization's website.

Block pointed out, four have "red flags / warning signs," watch out, if one person could be given debt settlement. All four were making valid points that their history about the problem of accurate credit card debt help, but not quite correct.

Red Flag, Green Flag

Block's article would be informative, would have raised a few "green flag" to indicate Characteristics of a good company. Had she done so, and Choi more complete research, they might some positive attributes, such as those found to have.

Reputable debt settlement Company:

* Explain the advantages and disadvantages of the front, stating clearly that debt settlement is not for everyone;

* The customer in every Settlement involved decision rather than keep the decision for the customer, the order in which debts are settled;

* Clearly explain what the Costs, and collect their fees over a period of months, so the client does not hit all at once, and

* Pass a comprehensive, independent Accredited testing to achieve "Best Practice" status member of TASC.

I have not mentioned to any of these points in a national newspaper article see over unsecured and credit card debt. Why is this so? When someone is called journalists in our industry to give input to their stories?

About the Author

Zack Anderson is president of American Debt Control, LLC, a full-service debt settlement company. Get Zack’s special report “12 Questions to Ask Before You Hire a Debt Settlement Company” here now.

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