Debt Settlement Leader Credit Solutions Delivers Results, Settles $21.5 Million At 42.5% During August

DALLAS--(EON: Enhanced Online News)--Credit Solutions settled $21,567,382.15 in consumer debt during August 2009, saving $12,410,745.35 on 3,660 client accounts at a 42.5% average settlement offer percentage rate – down a full 7.2% from July and 8.5% lower than June.

“Along with our company’s award-winning customer service and ISO certification, August’s settlement rate is another example of how Credit Solutions clearly is the U.S. industry leader”

That means, on average, consumers for whom Credit Solutions negotiated $9,156,636.80 in settlement offers with creditors last month paid off their credit cards for 42.5% – less than half – of the total amount of debt they owed. For instance, if a consumer owed $10,000, he would have opportunity to settle the account for $4,250.

“Along with our company’s award-winning customer service and ISO certification, August’s settlement rate is another example of how Credit Solutions clearly is the U.S. industry leader,” said Credit Solutions CEO Doug Van Arsdale.

Settlement companies like Credit Solutions act on consumers’ behalf, negotiating directly with creditors to facilitate repayment of consumer debts at a reduced percentage of the total amount owed. Upon completion of a debt settlement program, all of the consumers’ debts included in the program are “settled,” or resolved with zero balances.

Since its 2003 inception, Credit Solutions has assisted more than 250,000 U.S. clients in becoming debt-free, settling more than $1 billion total of consumer debt. Debt settlement increasingly offers benefits to consumers as the most immediate form of debt relief available in today’s tenuous economy.

About Credit Solutions

The nation’s debt settlement industry leader, Credit Solutions is recognized by the American Business Awards for the "Best Customer Services Department in Financial Services" and won a 2009 Red Herring 100 North America Award for its custom online technology. A charter policy partner of the United States Organization for Bankruptcy Alternatives (USOBA), Credit Solutions is certified by BSI Management Systems for USOBA best-practice compliance. For more information, visit www.creditsolutions.com.