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Debt Settlement Program vs. Consumer Credit Counseling Services (CCCS)

(PRLEAP.COM) Consumer Recovery Network (CRN) is announcing a variety of Debt Settlement Programs that are now available to give consumers an alternative to the traditional Consumer Credit Counseling Services (CCCS) for eliminating credit card debt and avoiding bankruptcy. Through CRN’s debt settlement program, individuals and families have options for more flexibility to control their financial future and to reach their financial goals.

Of the many options available, CCCS has been the most popular with American consumers, but in the long run this particular debt management plan and service has flaws that can cost the consumer a lot of money.

Disadvantages to using CCCS:

*It can take over 5 years to complete the program. Statistic show that people who enroll in the 5 year program, eventually drop out of the program still in debt.

*These programs usually hurt your credit report because the banks report your enrollment in these programs to the credit reporting agencies.

*There is no flexibility or control when working with the program. Your money is distributed as they see fit, as it is in somebody else’s hands.

*Aside from the normal set up fees, CCCS can charge their clients a monthly fee or "voluntary contribution". These companies are paid a kickback or "fair share" from your creditors. This likens them to a kinder, gentler version of a commission based debt collector.

Depending on your current financial circumstances, there are sincere advantages to CRN’s debt settlement education, coaching and full service debt settlements.

Advantages to CRN’s Debt Settlement program:

*You will save a tremendous amount of money by negotiating your debt by up to 60%, but you’ll save even more in long-term interest rates, finance charges, and late fees.

*CRN will help save you an enormous amount of time, energy, and frustration by helping you understand how to negotiate the best deal with major banks and creditors.

*You will become debt free faster by handling your own settlements because all of your financial resources will go towards paying off your debt and not towards outrageous fees.

*CRN will help you to understand exactly how each and every step of the debt collection process works.

For more information about Consumer Recovery Network’s debt settlement programs visit http://www.consumerrecoverynetwork.com/
About Consumer Recovery Network:

Consumer Recovery Network is a debt settlement company specializing in effective debt settlement and negotiation services and do it yourself debt settlement products. Call 1-800-939-8357 or visit ConsumerRecoveryNetwork.com to start eliminating your debt today. Contact us and get the best debt settlement with your creditor, avoid bankruptcy and get help with nasty creditor calls.

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