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Dealing With Debt, Financial Stress & Family
Finding Serenity When Financial Stress Overwhelms You
Financial stress is common if you are forced into frugality because of a lost job, divorce, death in the family, or being over your head in debt, etc. This can lead to feelings of...
Debt Consolidation Loan
Debt Consolidation Loan
Debt consolidation loans can give you a fresh start, allowing
you to consolidate all of your loans into one - giving you one
easy to manage payment, and in most cases, at a lower rate of
interest. Secured on...
Debt Management Plans - Things You Must Do To Avoid Pitfalls
Most people are involved in some type of financial transaction or decision every day. Sometimes they can get way behind in their debts and financial obligations with no clear way to pay them off. Some resort to debt management plans, which can help...
Eight Ways to Consolidate Debt
Next to winning the lottery, a debt consolidation loan is a debtor’s dream. With one monthly payment and a fixed monthly payment schedule, you can actually see an end to those monthly payments.
In reality, consolidating bills isn’t always...
Is A Debt Consolidation Loan Your Best Option?
For many people the lure of easy credit has taken them into the forbidden zone of debt. Between debt on regular credit cards, shopping store credit cards, home equity lines of credit, mortgages and car payments it's no wonder consumers are finding...
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Hardships are the real reason households have credit card debt
Hardships are the real reason households have credit card debt: New bankruptcy law unfairly targets consumers who need credit cards to survive
DTS Financial is working to educate the public about how hardships add to the credit card debt they already have. The new Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 has sweeping implications in regards to consumers who are right at the edge of what they can afford to pay.
Moorpark, CA October 28, 2005 -- Although the new bankruptcy law is worded toward consumers who abuse their credit privileges, it is the unfortunate households that suffer the most. According to the new study “The Plastic Safety Net” by Demos and The Center for Responsible Lending, “One out of three households reported using credit cards to cover basic living expenses on average four months in the last year.”
“We want the credit card industry to know that all of our clients have suffered a hardship. Whether it was a divorce, a medical condition, or a loss of a job, all of these events could potentially have pushed a family over the edge. Now with the new bankruptcy law, traditional bankruptcy alternatives have dried up,” states Dan Smith, President and CEO of DTS Financial www.DTSfinancial.com.
The findings by DTS Financial were backed up by the “The Plastic Safety Net” survey. The Demos survey found that, “Households
that experienced a layoff or major medical expenses were more likely to carry higher relative credit card debt.” According to Dan Smith, “We also want the public to know that there is a light at the end of the tunnel. That light is our Debt Settlement process.”
Most consumers think that credit counseling and/or debt consolidation are the only options that are available. The new bankruptcy law is going to make it tough for credit counseling firms to stay in business. The debt consolidation industry is coming under scrutiny due in part to their predatory lender practices. The debt settlement process, such as the program at DTS Financial, is rapidly becoming the preferred choice among discerning consumers.
For additional information on the news about the subject of this release, contact Keith Baldwin or visit www.DTSfinancial.com.
About DTS Financial
DTS Financial Group, Inc. (www.DTSfinancial.com) provides consumers with a solution to credit card debt through their Debt Settlement Program. Based in Moorpark, Calif., DTS Financial is a member of the BBB, has more than 2000 clients nationwide, and has settled more than $20 million worth of consumer debt.
About the author:
Keith Baldwin
DTS Financial
www.DTSfinancial.com
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