NEWS

WIRES

OTHER

Federal Trade Commission Anniversary of Debt Settlement Industry Rules Spotlights Consumer-Directed System From The Debt Settlement Bible

System provides specific direction and tools for consumers to take control of their adverse financial situation to eliminate debt without settlement fees

Once consumers have The Debt Settlement Bible material - an e-book with over 140 information-packed and instructional pages and accompanying computer program, there are no ongoing fees. Customers can use the system to gain a better understanding of their finances and learn what steps they can take on their own to reduce or eliminate their unsecured debt - how and when to contact creditors, what to say, and how to present themselves in a way that demonstrates their commitment to satisfying their agreements.

Anyone interested in seeing the program before making a purchase can download a no-cost detailed four-chapter excerpt from the material, as well as an accompanying computer program. A narrated video tutorial walks viewers through the program, helping consumers gain an instant visual picture of just where they stand financially - and get a more accurate idea of what it will take to get where they want to go in their financial future.

Included with the purchase of The Debt Settlement Bible is a comprehensive credit repair guide, with over 100 pages that teaches consumers how to clean up their credit files following the elimination of their debt, and a package of 22 pre-written letters and forms in PDF format. A complementary computer program organizes savings payments, so consumers learn when they can expect to make final debt payoffs, keeping them on track to becoming debt free.

In recent years, a slow-growing economy and a lack of jobs sent soaring numbers of consumers to seek debt relief from companies promising to help reduce their overwhelming debt, only to discover that they weren't being helped but were being taken for a ride. Debt settlement companies would charge thousands of dollars - up to 20 percent or more of the consumers’ total outstanding debt - with consumers seeing little to no debt relief. Once the practices were exposed, the issue drove Attorneys General in states across the country to act on behalf of fleeced consumers, which have proven successful at recouping fees many customers paid:

- Illinois: http://chicago.cbslocal.com/2011/03/02/attorney-general-sues-debt-resolution-firm-for-fraud/

- West Virginia: http://www.wvrecord.com/news/235726-mcgraw-sues-lawyers-over-debt-settlement-company

Even the U.S. Government Accountability Office considered the issue - http://www.gao.gov/products/GAO-10-593t.

According to Eric Singer, the developer of the product, "Consumers using The Debt Settlement Bible have a tangible way to make real changes to their future, now. They learn how to get started and can also learn concrete methods they can use to make real changes in their financial picture - instead of worrying month to month when the madness will stop, consumers can set a plan and take action, knowing that in a specific time-frame they will see real results.

"The Debt Settlement Bible eliminates the heartache of investing in a debt settlement company that may not be doing what was promised and that ultimately extends the anguish only to create more problems for the consumer. Our system applies 100 percent of consumers' monthly savings payment towards debt, allowing the consumer to be debt free much sooner. When consumers follow The Debt Settlement Bible program, it does work."

To download the preview chapters, visit TheDebtSettlementBible.com (http://www.thedebtsettlementbible.com).

HTML: http://www.eworldwire.com/pressreleases/212248

PDF: http://www.eworldwire.com/pdf/212248.pdf

ONLINE NEWSROOM: http://www.eworldwire.com/newsroom/316959

The Debt Settlement Bible
14545 J Military Trail
#135
Delray Beach, FL 33484
PHONE. (800) 317-1587