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New Era Debt Solutions has served people in need of debt relief for the past 10 years.
Holding an A+ rating by the Better Business Bureau, New Era Debt Solutions is the industry’s leading provider of debt negotiations and debt settlements. Established in 1999, New Era Debt Solutions works as a liaison between clients and creditors, finding ways to minimize unsecured debts to more manageable sums. During the past ten years New Era Debt Solutions has settled over $172 million for its customers, averaging $2.5 million in debt settled each month.
New Era Debt Solutions is able to eliminate an average of 44 percent of its customer’s debt and guarantees a minimum reduction of at least 25 percent. Clients are typically able to complete the terms of a settlement within 28 months, setting it apart from other programs, which may require up to 9 years. With New Era Debt Solutions, there are no monthly administrative fees, nor any upfront costs. This sets the company apart from many debt reduction agencies that have historically charged high prices at the outset, regardless of performance.
New Era Debt Solutions complies with all federal and state laws. The company is headquartered in Camarillo, California, but serves clients throughout the United States and of every income level. New Era Debt Solutions manages the process from start to finish, from the free consultation to the end of settlements, ensuring that customers’ information stays secure. Additionally, New Era Debt Solutions offers the option to withdraw from the program within 30 days if a client is not satisfied with the service.
To learn more, visit NewEraDebtSolutions.com.
New Era Debt Solutions's Publications
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A Brief History of Debt Settlement , New Era Debt Solutions
December, 2010
At New Era Debt Solutions , we are proud to offer some of the most consistently successful debt settlement solutions in the industry, coupled with the highest standards of ethical practice. New Era Debt Solutions has established a reputation for innovation in the modern debt settlement industry.
The practice of debt settlement is nearly as old as the concept of debt, but modern debt settlement began to appear in the last two decades of the 20th century. This phenomenon owes its existence to banking deregulation and the particular economic conditions of the time. The recession of the early 1990s, coupled with the increased level of consumer indebtedness of the late 1980s, led to a demand for debt settlement options. Initially, banks were the major purveyors of debt settlement, as they stood to lose the most from borrowers who might have to file for Chapter 7 bankruptcy.
Compared to the other options available to lenders, debt settlement provides many advantages. For unsecured loans, such as credit cards and other types of consumer credit, a lender risks losing almost all of the principal if the borrower defaults. In the case of Chapter 7 bankruptcy, individuals are allowed to keep certain types of exempt property, usually high-value items such as homes, following bankruptcy. The lender then receives only pennies on the dollar in the liquidation of remaining assets. Passing the loan to a collection agency also only earns the lender a fraction of the original amount. Even though debts are frequently settled for as little as 20 to 30 percent of the original value, this still represents an improvement on the other options for lenders.
Since 2005, it has become much harder for individuals to file for Chapter 7 bankruptcy. A person may still owe a substantial portion of his or her unsecured debts following a Chapter 13 bankruptcy proceeding, making lenders less likely to seek out settlement on their own. Debt settlement companies have therefore appeared to negotiate on behalf of consumers, in order to mitigate the need for bankruptcy, and to secure the best settlement terms from lenders.
New Era Debt Solutions has successfully negotiated millions of dollars of savings for its clients. If you are unable to meet your debt obligations, contact New Era Debt Solutions for an overview of the services available to you.
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The Federal Economic Stimulus Package and Consumer Debt Settlement (2/2)
March, 2011
Due to the economic downturn, many hard-working individuals lost their jobs as a result of corporate downsizing or simply a lack of resources on the part of a former employer. Taking steps to extend unemployment benefits as long as possible, the federal government still lacks the ability to provide every out-of-work American with the financial assistance they need to support themselves and their families. As government agencies take steps to allot the necessary funds to maintain unemployment programs across the nation, numerous individuals stand alone, continuing the process of searching for new work while accruing an ever-increasing amount of debt.
New Era Debt Solutions holds more than 10 years of experience in helping cash-strapped consumers in need of debt resolution support. One of the country’s leading debt settlement firms, New Era Debt Solutions maintains strong partnerships with a broad array of creditor organizations, utilizing its resources to secure fair, efficient settlement plans for clients coping with immense financial burdens. Charging no upfront fees, New Era Debt Solutions provides its customers with a savings of at least 25 percent over the duration of the payoff process, offering a 100 percent money-back guarantee if a settlement fails to meet the specifications. Boasting the highest possible rating from the Better Business Bureau, New Era Debt Solutions adheres to the standards of ethical business practices in all capacities, differentiating itself from the competition through its honest, action-oriented company model. Boasting a 97 percent client satisfaction rate, New Era Debt Solutions offers consumers an excellent legal alternative to declaring bankruptcy. To discuss your financial situation with a knowledgeable representative at New Era Debt Solutions, call (888) 639-4050 now for a free consultation.
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