The Federal Reserve reported that there was a7.51% rise in the credit card charge-off rate during the beginning of 2009, which was a record in itself, which meant that approximately out of every 13 credit card holders, 1 was a defaulter. Besides about 6,020 cases of bankruptcy were filed in May, which was 33% higher than the previous year. One of the strongest and leading online credit card market place, The CardHub .com has added Credit Card Debt Center , to it’s site, to solve the queries of hoards of consumers who are facing this dilemma. Card Hub which was launched in July 2008, has brought about a drastic change in the process of consumer selection for services provided in personal finances.
The two main features of Credit Card Debt Centre are, Debt Help and Debt Education.
Debt Help advises the consumers on how to manage their personal debts, whereas Debt Education gives a thorough insight on the various options regarding debt solutions.
Some of the important features of Debt education are:
Personal suggestions—The consumers are individually given sound and rational advices regarding their debts. Every individual is advised, on the basis of personal information gathered about him anonymously, by the company.
Transparency— The consumers are advised only after they give the right information to the company without concealing the truth.
Interchangeable—-If the solutions given by the company demand a change in the information given by the consumer, he is allowed to do so., because different debt situations demand different solutions.
Debt Education:
Thorough information-All possible debt solutions, along with all its pros and cons are catalogued.
A Comparative evaluation on various Debt solutions.— A thorough analysis of
Debt settlement, Debt Management, Debt Consolidation and Bankruptcy, which are the major avenues that offer debt relief.
Dependable Guidance-CardHub.com has a distinguished panel of industry experts and advisors, who give the right advice as and when required.
According to Odysseas Papadimitriou, the Founder and CEO of CardHub.com,
“Rising levels of credit card debt can be stressful and difficult to manage and understand. Getting out of debt is never painless or easy, but understanding what options are available can be the first step towards a fresh start. He further added, “With the launch of CardHub’s Credit Card Debt Centre, we hope to assuage the concerns and lack of understanding that consumers have about credit card debt, and to direct them towards the debt help solutions that are suitable to their individual needs.”
It gives consultations on:
Debt settlement: The idea here is to withhold payments from your creditors which may or may not motivate them to settle at a lower amount.
Debt Management: The idea here is to explore whether fee reduction for a considerable amount will allow full payment of your credit and debt.
Bankruptcy: The idea is to explore whether declaring yourself bankrupt will be advisable.
Thus it is obvious that it is these innovative ideas,which have made CardHub , the ultimate outlet for credit cards. So if you are looking for good credit cards your search ends here.
Its unique tools and content make Card Hub the leading destination for consumers searching for better credit cards The addition of the Credit Card Debt Center allows Card Hub to also address the concerns of consumers who are looking for solutions as how to best manage their existing credit card debt. As a result, “CardHub.com is now a one-stop solution that holistically addresses the credit card needs of all consumers, regardless of their financial circumstances,” Papadimitriou added.
