UK Legislation Helps Write Off Massive Credit Card Debt to Protect Consumers

If you owe more than £15,000 in credit card debt, you’ve probably heard about the promises from companies who can reduce your debt and get out debt fast through debt relief. But are these promises believable? Does debt resolution really work?

Yes, it could work for many consumers struggling just to stay afloat. Thanks to new legislative acts in 2010, debt resolution has become recognized as a legitimate and viable way to help for struggling consumers unable to keep up with even their minimum monthly credit card debt, while safeguarding consumers from unscrupulous debt relief companies. If you are unable or struggling to pay off your debt, there has never been a better time to take advantage of these amazing services.

Changes for the Better

Prior to 2010, debt relief companies were unregulated and would collect fees without providing any services. As a result, these consumers were often left further in debt.

Thanks to this act, consumers now only pay these companies for work actually performed – gone are the days when you were being charged upfront fees. Most of the unethical debt resolution companies have been chased from the market, and consumers who are now enrolling do so with a sense of security, knowing that they are working with firms who do not charge any advance fees.

What should you expect from a best in class debt relief program?

• Speed: The average debt resolution client who completes Free My Finances program resolves all their enrolled debt and does so, on average, within 24 to 48 months.*
• Cost-Effective: Consumers generally settle their debts for less than they originally owed*.
• Honesty: Reputable companies will provide a free, no obligation consultation and explain all your available options to help you get out of credit card debt.
• Customizable: Even if you owe less than $15,000, a new online service,  Debt Coach from Free My Finances, could match you with a debt or credit solution tailored to your needs.

A Leader in Reducing Credit Card Debt

Dealing with credit card debt can be confusing enough. That’s why it may make sense to go with a reputable company who can walk you through every step of the process. With over 230,000 clients to date, Free My Finances, had resolved the highest amount of debts in the industry (over $3.5 billion pounds!).

Click here now to get started with Free My Finances is easy and takes only a few minutes to receive a free, no obligation savings estimate. You have nothing to lose except your debt problems.