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FOR IMMEDIATE RELEASE |
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Brendon Buthello
Writer and Editor,
Apcons Infotech
Email: chirag@apconsinfotech.com |
Number of US Debtors Soar with the Growth of Recession; RemoveDebtOnline Seeks to Rev Up Efforts
Des Plaines, IL, December 12, 2008: The number of US debtors sorared considerably even as the US recession is showing the slightest signs of receding out of limelight. Millions of unemployed people are now deep in debt and have altogether given up their payments. Banks on the other hand have become cautious of lending loans but are already bearing the brunt of increasing number of debtors who owe them a sizeable chunk of money. RemoveDebtOnline recently launched its debt eradication and settlement venture out to all US states and promised to rev up its efforts in creating awareness about the program.
RemoveDebtOnline understands that the root cause of any financial problem is the high monthly payment and the total debt amount that one owes. It works directly on solving this problem of grounding the total debt that the debtor owes. Once the total debt amount is lowered, it is obvious that the monthly installments that one owes will be lower too. This helps to solve most of the debt-related problems quite easily.
As of November, 2008, the total U.S. federal debt was $10.6 trillion with about $37,316 per capita (that is, per U.S. resident). About $6.3 trillion debt was held by the public. From the year 1999 to 2008, the public debt has literally doubled. Debt clocks have been set up in every US state, which makes the people aware, how much the government owes from its people. The picture is similar to the banking industry and other financial organizations. (Source: Nellie Mae, "Undergraduate Students and Credit Cards in 2004: An Analysis of Usage Rates and Trends")
Chirag Patel, Managing Director, Apcons says “The picture of the state of the people is pathetic and the industries and sectors are hit hard financially. Not only the public, but even the Fortune 500 companies are becoming more and more apprehensive of the rising costs and the worsening economy. RemoveDebtOnline at least seeks to make every US citizen debt-free.”
RemoveDebtOnline is an expert in this field and has successfully helped thousands of clients over the last 10 years. They know all the details of the legal process, and how the business of debt settlement works. The company has a huge negotiating advantage with creditors because they settle millions of debts every month. Creditors are more willing to work with us, when they know that we can help them get rid of many bad loans at once. Get to know more about the company at www.RemoveDebtOnline.com
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FOR IMMEDIATE RELEASE |
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Contact:
Chirag Patel,
Managing Director,
www.RemoveDebtOnline.com
Email: chirag@removedebtonline.com
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Remove Debt Online Seeks to Make Every US Citizen Debt-Free, Even Amid Economic
Turmoil
Des Plaines, IL, November 14, 2008 -- RemoveDebtOnline has revolutionized the debt
industry by creating the completely unique online enrollment solution. The company
was founded with the goal of relieving people who have a hard time to clear up their
debts in a tough economy.
Commenting on the economic status of the country, Chirag Patel, Managing Director
of Remove Debt Online, says, “People are finding it hard to survive in the face
of a daunting recession which has forced them to acquire debts and then worry about
paying them up every month. US has lost more than 1.2 million jobs in the last three
months, imagine how the unemployed people may be wading through the stormy recession
waters.”
Recently, General Growth Properties, the second-largest U.S. shopping mall owner,
had the worst trading day ever, as it plans to refinance $958 million and may seek
for creditor protection if plans do not succeed. Banking giants Wachovia Corp, Lehmann
Brothers, and Tata AIG have not been spared too as there were major takeovers in
the past two months to stave off increasing debts due to the credit crisis and financial
breakdown. The construction industry is also having a torrid time as many large
firms have got themselves deep in debt. All in all, barring the healthcare industry,
several industries are battling the downturn by cutting jobs and trying to upsize
profits. The common man is taking the brunt of the recession as it is trying to
make a living with the meager means.
Patel adds, “It has been a sad picture for the common man as it tries to live and
manage the daily expenses. Remove Debt Online understands that the root cause of
most financial problems is the high monthly payment and the total debt amount that
debtors owe. We work directly on solving this problem of grounding the total debt
that one owes. Once the total debt amount is lowered, it is obvious that the monthly
installments that one owes will be significantly lower too.”
Salient Features of the innovative debt settlement program:
- Reduce your debt by more than half
- Reduce your monthly interest rate, to literally 0%
- Clear off your debts in the fastest possible time
- No need to file bankruptcy
- No upfront fee for the service
For more information on Remove Debt Online, log on to www.RemoveDebtOnline.com
About Remove Debt Online
www.RemoveDebtOnline.com is a revolutionary debt settlement program with a completely
unique online enrollment solution. There are always live reps standing by, just
in case one needs them. The best part is that any debtor can avail our services
from the comfort and privacy of one’s home or office, and no one has to pay a dime
for it. The company was founded by experienced internet marketers and real estate
entrepreneurs with a collective experience of more than 20 years in the IT and real
estate fields.
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