Recently, Congress supported a federal bailout of banks and corporations, giving them billions of dollars to assist them with their financial burdens. With some of that money, banks and creditors were supposed to help consumers mired in debt, but there has been none of the promised trickle-down effect.
The past 2 years have seen families struggle more and more with personal debt, rising interest rates on credit cards and assets losing value. Now more than ever, families need more options to reduce their debt so they can settle outstanding balances and begin to restore good credit.

Instead of helping, the banks and some legislation are making it harder for average people to get out of debt, with no bailout in sight. In fact, Hawaii, North Carolina and South Carolina have already taken action to limit consumers' rights to seek help for settling their debts.Other than debt settlement, the only choices available to overwhelmed consumers are either to continue to pay high interest rates on seemingly stagnant balances while being harassed relentlessly by credit card companies, or to file for bankruptcy and further damage credit for years to come.

 The quickest form of relief for consumers today is debt settlement, which allows individuals, with the professional assistance of a debt settlement company like Preferred Financial Services, to cut their credit card debt typically by up to 50 percent by negotiating lower payoff amounts with creditors.

You must be proactiveThough the banks were handed assistance from the federal government, they have shown no willingness to reach out and help you. As a struggling consumer, you must make the choice to contact a reputable debt settlement company so they can be your advocate and start negotiating for you.

While there have been attempts made to limit citizens' access to credit card debt reduction experts, the truth is that without the advice of these professionals, the average American would be robbed of his or her only chance to reduce high-interest credit card debt - and the chance to finally get ahead. Without the benefit of debt settlement, many Americans would be unable to save for the future and continue to struggle.

Banks and creditors continue to work against consumers, but Preferred Financial Services can be your advocate. They can help slash the amount you owe creditors by up to 50 percent or more. Log on to PFSDebtRelief.com to find out how. Service not available in: Colorado, Hawaii, Idaho, Kansas, Wisconsin and West VirginiaPreferred Financial Services has extensive experience in the industry and well-established relationships with creditors. While they certainly value these relationships and strive to maintain them, in reality Preferred Financial Services works only for the consumer to expertly negotiate terms to reduce the balance that you owe.

Nonprofit credit counseling companies actually work for the credit card companies, and thus do not have the consumer's best interests in mind. Though these companies provide advice to help you to get finances in order, their main purpose is to help creditors collect on the money you owe. It often takes many years of following strict payment plans to finally come up for air.

Reduce what you owe and become debt free faster.

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