- For Immediate Release -

Date: November 18, 2009
Contact: David Myers
E-mail: Support [@] Creditsolutionrepair.com
Phone: (954) 493-8065
Website: www.CreditSolutionRepair.com

Consumer bailout needed more than economic bailout

Bankruptcies, foreclosures, repossessions, and credit card defaults are at an all-time high. Millions of Americans have forfeited their credit in the face of tough economic times. But regardless some press accounts to the contrary; good credit can be managed and even restored, regardless of the circumstances.

"Everyone knows how to maintain good credit," says David Myers, a 20-year veteran of the credit industry, "Just pay your bills on time and don't get in over your head. The problem is that circumstances often make those goals impossible."

Those "circumstances" include loss of job, medical problems, divorce, or reduction in income. These financial predicaments are becoming more common than ever and can lead to late payments, loan defaults, and even foreclosure or bankruptcy.

Myers, whose company, Creditsolutionrepair.com, offers a solution for people with credit problems, says that regardless of the situation in which consumers might find themselves, there is light at the end of the tunnel.

"I have never seen a credit file that couldn't be improved, and I've seen everything you could imagine," says Myers. "I once had a couple with 12 accounts in collection, a repossessed car, a foreclosure, and a bankruptcy. Within three months of applying the latest credit restoration strategies, they had new credit cards; within five months they financed a new car; and within a year, they were able to buy a new home at a competitive rate."

"Restoring credit is not just good for the consumer; it's good for the economy," says Myers. "When a credit casualty gets back into the system, they tend to be far more responsible and reliable. They don't want to get into the same situation again."

As we “the taxpayer” pay for the 700 Billion dollar bailout. The needs of average citizens can be overlooked. But Myers says that solving their personal financial crisis is a far simpler process.

"Credit restoration is like a bailout for consumers. It's a shot in the arm and a second chance for those who are victims of the troubled economy."

Myers says that bailing out consumers could be even more important than bailing out the economy. "Without help, millions of consumers will soon be out of the credit system, unable to buy homes or cars, and left without the buying power that fuels economic recovery. In the long term, it makes more sense to help consumers than it does the Wall Street fat cats who contributed to the crisis in the first place."

The Federal Trade Commission warns consumers to be wary of credit repair clinics that charge large amounts of money and claim to fix your credit for you. The FTC, on their website, says "Everything a credit repair clinic can do for you legally, you can do for yourself."

Myers agrees. "Credit repair clinics and other services, including law firms, either charge a huge upfront fee, which is actually illegal to do, or they charge monthly for their services. Think about that for a minute. The longer they take the more money they make. At $79 a month, it can easily add up to thousands of dollars over the one to three years it takes them to complete the process."

Myers's company, Creditsolutionrepair.com, provides inexpensive program that makes it simple for consumers to restore their own credit. Restoring credit is legal and ethical as long as consumers follow the Fair Credit Reporting Act.

"The most effective strategy is a 'self-directed' approach rather than "do-it-yourself,'" says Myers." The average person has no idea how to take advantage of all the benefits of the Fair Credit Reporting Act. Our credit repair program takes them step by step through credit restoration and makes the process organized, simple and fast--often less than 60 days.

This "self directed" method, which costs less than a hundred dollars, actually requires less work than using a law firm or credit repair services because there's no middleman. So for those who are more interested in a personal financial bailout than a national one, it's comforting to know that there are options.

To find out more about restoring your credit, go to Myers's website at www.CreditSolutionRepair.com.