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.
