Author Gives Away Book on Debt

Oceanside, CA — For a limited time, the Debt Free League website is offering a free copy of SETTLE Credit Card, Medical & Business Debt for PENNIES on the Dollar. The book by financial industry whistle-blower, Victor N. Chevalier reveals eye-opening schemes that banks and credit card companies deviously use to entrap Americans into a perpetual debt cycle. Albeit, the author unveils powerful debt relief secrets to help disentangle debtors from their cancerous credit card debt and other unsecured debts.

The book’s key focus is to dissuade debtors against the common pursuit of filing bankruptcy (http://debtfreeleague.com/bankruptcy.html). As confirmed by the U.S. courts, by June 30, 2009, bankruptcy filings increased by 35% compared to the previous year. Business filings totaling 55,021 represented a 63% recession-driven spike.

However, the author suggests a detour from bankruptcy when far better debt relief solutions exist. "Statistics indicate that most bankruptcy filers could have avoided bankruptcy if they had an additional $250 in monthly income. This can be as simple as getting a part-time job, or working a few extra work hours," Mr. Chevalier adds.

The high unemployment rate is a predominant bankruptcy culprit. But thankfully, the book gives sufferers of income loss a number of solutions to get back on their feet. Alas, bankruptcy risks can gain a fresh start without the need to declare bankruptcy.

A key technique in the book legally empowers people to stop creditor harassment. People can also learn how to settle unsecured personal and business debt with creditors, debt collectors, and attorneys for pennies on the dollar. Furthermore, all of the valuable information is totally free.

The anti-bankruptcy advocate also cautions people against the means test, a requirement of the Bankruptcy Abuse Prevention and Consumer Protection Act that makes it harder to qualify to discharge all or most debts via Chapter 7 bankruptcy.

The bankruptcy law also requires completion of a six month credit counseling (http://debtfreeleague.com/consumer_credit_counseling.html) course before a bankruptcy can be discharged. Motioning against this inconvenient requirement, Mr. Chevalier cautions, "Despite all the hype, Consumer Reports confirms a 79% credit counseling dropout rate due to its inferior results."

Far worse, critics assail credit counseling reporting a 50% dropout rate at the halfway point. Indicators for the high dropout rate include mediocre basic interest rate reduction, unbearable monthly payments, and negative long-term credit implications.

A debt consolidation (http://debtfreeleague.com/debt_consolidation.html) option he also warns against is trading off unsecured debt for secured debt through a home equity loan.

He admonishes, "The risky debt consolidation procedure requires a borrower to pledge the equity on his home to guarantee the loan repayment. However, besides pushing borrowers into foreclosure because of a loan delinquency, statistics warn that 75% of the people who get home equity loans assume more debt than they previously had."

In contrast, Mr. Chevalier recommends debt settlement (http://debtfreeleague.com/debt_settlement.html) because it provides stronger, less intrusive debt relief.

In reference, he credits the National Debt Relief Stimulus Plan (http://www.debtfreeleague.com/our_guarantee.html) because of its incredible effectiveness in settling personal, medical, and business debt.

The bankruptcy alternative was pioneered by Debt Free League creates a mutual, satisfactory exchange between debtors and creditors. The debtor can become debt-free and in turn, the creditor can recover part of the money they could have lost if the debtor declared bankruptcy, if the creditor charged off the debt as a business loss, or if the creditor’s collection efforts seemed too time-consuming and costly.

The debt reduction benefits of the National Debt Relief Stimulus Plan are enormous. "Our debt settlement program boasts the lowest fees in the industry, a 100% cancellation refund just in case you’re not completely satisfied, plus it allows you to re-enroll and be credited some of the fees you previously paid", emphasizes Caitlin Foley, a Debt Free League debt adviser.

While the procedure has some risks, its pros generally far outweigh the cons. Inquires about the National Debt Relief Stimulus Plan can be made by calling Debt Free League at 1-800-213-9968. The company’s website also provides an FAQ page (http://www.debtfreeleague.com/faq.html) that addresses the program’s most general questions and answers.

People who owe $10,000 or more in unsecured personal debt, medical debt, or business debt are encouraged to apply by calling the National Debt Relief Stimulus Plan at 1-800-213-9968.

About the Author
Victor N. Chevalier is a former debt management industry executive and expert on bankruptcy avoidance and credit improvement. In the past decade, he has written extensively about solutions to help consumers and small business owners achieve financial empowerment. He is the author of Debt Free At Last: A Superior Solution to Bankruptcy and Credit Counseling, and SETTLE Personal, Medical, and Business Debt for PENNIES on the Dollar! Both books are available online free to the general public.

About Debt Free League:    
Debt Free League is a financial services organization, which employs professional debt arbitrators to help consumers and small business owners who may be in need of unsecured debt relief.