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HomeBlog Credit Card DebtCredit Card Usage Up Sharply In May
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Credit Card Usage Up Sharply In May

July 19, 2012 by National Debt Relief

Uncle Sam and debtThe website Newsvine.com had an article recently about Americans stepping up their use of credit cards in May. The site reported “Americans put more on their credit cards in May than in any single month since November 2007, one month before the Great Recession began.” The article went on to say that “Consumers cut back sharply on credit card debt during the recession and immediately after. Only in the past year have they started to put more on their credit cards and the gains have mostly been modest … That changed in May when the measure of credit card debt jumped by $8 billion.”

Why has credit card debt grown so sharply?

While it’s not possible to say precisely why credit card debt has gone up so much, it is thought that many more households are paying for everyday expenses with their credit cards. In addition, there were just an average of 75,000 jobs created a month from April through June. This was down from an average of 225,000 jobs a month in the first three months of the year, meaning that job and income growth are both weak.

How’s your credit card debt?

There was a report recently that the average American has nearly $16,000 in credit card debt. If you have this much debt or more and are struggling to make your payments, you’re not alone. Thousands of American families are in the same fix as they struggle with unemployment or what’s now called under-employment.

Credit card debt relief

There is a program called debt settlement that can help you get relief from that credit card debt. The way it works is that you end up falling behind on your payments for five to six months, then contact the credit card companies and offer to settle your debt for a fraction of what you owe. As you might guess, it takes something of an iron will to stop making payments on your credit cards for that long and then call and offer to settle for half of what you actually owe. This is why many families have elected to hire a company such as National Debt Relief to handle the debt settlement for them. These debt counselors have years of experience dealing with the credit card companies and personal contacts within the companies. This gives them a unique ability to negotiate favorable settlements.

A payment plan you can live with

A second good reason to let National Debt Relief handle your debt settlement is because its counselors are also able to negotiate lower interest rates and a payment plan that you can afford and that won’t strangle your finances.

Unlike credit card debt, it costs you nothing to get started

When you put National Debt Relief to work, it costs you nothing up front. Your debt counselor will negotiate the payment plan and then present it to you for your approval. You pay nothing until you approve it. If, for some reason you’re not satisfied with the repayment plan, you can just walk away and NationalDebtRelief.com’s services will cost you nothing.

If your credit card usage has been up sharply

If you’re one of the many Americans who have been forced by necessity to put more debt on your credit cards as reported by Newsvine.com, and you just can’t see any way to pay it all back, take heart. Debt settlement and National Debt Relief can help.

Do you qualify for debt consolidation?

National Debt Relief
National Debt Relief

National Debt Relief is one of the largest and best-rated debt settlement companies in the country. In addition to providing excellent, 5-star services to our clients, we also focus on educating consumers across America on how to best manage their money. Our posts cover topics around personal finance, saving tips, and much more. We’ve served thousands of clients, settled over $1 billion in consumer debt, and our services have been featured on sites like NerdWallet, Mashable, HuffPost, and Glamour.

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By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
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Moderate National Debt Relief Caller: Charlotte Transcribed WE 1/17/2021 Charlotte: I am calling because I wanted to ask a few quick questions about your experience with National Debt Relief [unclear 0:00:27]. JOSE: It’s good. Charlotte: Now before I begin, I have to let you know that our call is recorded. Can you tell me what actually made you decide to work with [unclear 0:00:40] National Debt Relief as opposed to other providers? JOSE: Good. Charlotte: What made you decide to work with National Debt Relief, as opposed to other debt relief companies? JOSE: Aside from your reviews, I’m guessing the success of the reviews. Charlotte: Tell me about the service and the program that National Debt Relief signed you up for? JOSE: I was able to collect all my debt into one chunk and then pay it off. Also was able to get settlements lower than what the balance was. Charlotte: How easy or difficult would you say the enrollment process was? JOSE: It was pretty simple. It wasn't difficult at all. Charlotte: Now is there anything about the process that you feel could have been improved? JOSE: Not at all. I think everything went smoothly. Charlotte: Perfect. Can you give me a little feedback on your experience with your negotiator? What did you think about your negotiator? JOSE: Negotiator was really firm and fair. Charlotte: Do you happen to remember the name of your negotiator by chance? JOSE: I do not, actually. Charlotte: Okay. Is there anything about that representative stood out [unclear 0:03:04] at all? JOSE: No, not at all. Charlotte: Perfect. How comfortable did you feel working with the negotiator through this process? JOSE: Very comfortable. Charlotte: Perfect. So if you had any questions or concerns, how did the negotiator work with you to resolve any questions or concerns that may have arisen? JOSE: At this point, I really didn't have any concerns at all. So, I mean, been doing a great job. Charlotte: Awesome. So if you were gonna rate your experience with National Debt Relief so far, on a scale of maybe one to five, and five would be that you would recommend to friends and one is you were pretty dissatisfied, how would you rate them? JOSE: Is 5 the highest? Charlotte: Yes, 5 is the very highest. JOSE: Okay. Then we’ll go with 5. Charlotte: Would it be okay if I posted your comments as a review on our public web site for National Debt Relief? JOSE: Yes. Charlotte: I will also send over a link so that you can have it as a record for yourself as well. And I have you at salvipride673@gmail.com. JOSE: Yes. Charlotte: How did National Debt Relief work with you as far as setting up a payment [unclear 0:04:45]? JOSE: They did pretty good. Like I said, I have no complaints at the moment. Charlotte: How comfortable were you with the amount that you were paying? JOSE: Very comfortable. Charlotte: Perfect. Now as far as your thoughts on the cost in relation to the quality of service you received at National Debt Relief, what would you say about that? JOSE: The service team was all right. Charlotte: Now if you were going to rate your experience on a one to five, five is that you would recommend to friends and one is you're pretty dissatisfied, how would you rate them? JOSE: 5. Charlotte: Perfect. Would it be okay if I posted a few of your comments to our website? JOSE: Yes. Charlotte: Now if a friend or a family member were asking you about National Debt Relief, what would you say? JOSE: Really great people to work with. Very quick and easy, very responsive, no issues. Really makes you feel like they’re there for you. So not a scam at all. Charlotte: Perfect. Now about where are you in the process at this point? JOSE: I've already had two creditors resolved already. Pretty happy about that. Charlotte: And of course, our call is recorded.

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