The company BestDebtConsolidationLoans.org recently studied the debt consolidation providers available to residents of Chicago to determine which offered the best help. It concluded that they are National Debt Relief, CuraDebt and Consolidated Credit.
Chicago residents currently carry an average of $58,498 in total debt and $16,483 in non-mortgage debt, the majority of which is most likely credit card debt. This compares very unfavorably with the $7115 that the average American has in credit card debt. In addition, unemployment in Chicago remains stubbornly high at 6.8%. While there is no numbers available for the percentage of Chicagoans that have past due debt the number of Illini with past due debt is 28.3%.
“While all three of these companies are capable of helping Chicagoans that are struggling to repay their debts, we felt that National Debt Relief is the best option,” said BestDebtConsolidationLoans spokesman Jimmy Saver. We used six factors in analyzing the debt consolidation companies available to Chicagoans and National Debt Relief came out number one in all of them. We felt that one of the most important of these factors is business ethics and National Debt Relief ranked tops in this area. The money its clients send to National Debt Relief are put in a trust account that only they can manage. National Debt Relief does not touch these funds until it has settled a client’s debts to his or her satisfaction and provided an acceptable payment plan.
“In addition, the company has a very liberal cancellation policy. If at any time a customer decides it is unhappy with National Debt Relief he or she can simply cancel out and won’t be charged a single cent.”
BestDebtConsolidationLoans.org also ranked National Debt Relief highly because the majority of its customers reported that they were “very satisfied” with the services they received. Plus, the company consistently maintains an A rating with the Better Business Bureau and is a member of the American Fair Credit counsel.
Ranked second byBestDebtConsolidationLoans.org was CuraDebt. It has been in business for 13 years and offers its customers a variety of options besides just consolidating credit card debt. It is also able to help with defaulted loans, tax debt and student loan debt.BestDebtConsolidationLoans.org also liked the fact that CuraDebt offers a free initial consultation and a free savings estimate. CuraDebt has excellent working relationships with the credit card companies and its counselors are said to be both helpful and experienced.
The primary reason why Consolidated Credit was ranked third by BestDebtConsolidationLoans.org is because it offers only debt management and credit counseling which do not reduce the principal balances, they only help with the payment amount and interest rate. “You’re better off choosing National Debt Relief or CuraDebt if you want to reduce the actual principal amount you owe and get you out of debt faster when you’re in a financial crisis,” offered Saver.
Residents of Chicago that are struggling with their debts should definitely go to www.BestDebtConsolidationLoans.org for more information on National Debt Relief, Consolidated Credit and CuraDebt.