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Pharma Investments, Ventures & Law Weekly

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Credit Solutions



Credit Solutions Crosses $800 Million Mark for Total Consumer Debt Settled



February 1st, 2009

Credit Solutions set a new industry record this month, settling $800 million in unsecured consumer debt over the past six years, $25.7 million of that solely during December 2008.

Americans currently owe some $2.5 trillion in unsecured debt1, and in a recent Pew Research Center poll, 61% judged their personal financial situation as fair or poor.2 “There’s a reason we’re the market leader,” says Credit Solutions CEO Doug Van Arsdale. “The days of debt consolidation loans and high-interest lines of credit are coming to an end. Customers are no longer looking to just move their debt; they’re looking for real help in eliminating it.”

Since its 2003...


Source: Pharma Investments, Ventures & Law Weekly (2009-02-01)

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