A Source of Debt Relief and Credit Card Consolidation

Wow! Did you watch the stock markets everywhere in the world slide over the last couple weeks or so. The experts say that investors are selling risky stocks because they are worried about the credit situation in the United States. So the U.S. Federal Reserve stepped in and lowered the interest rates they give to the banks, a move that gave investors the courage to buy back into the market. But still, the Federal Reserve’s move has not alleviated the cause, the bad credit mounting up in the U.S. as homeowners default on their mortgages.

What happened is that during the past few years, mortgage rates were low, so low in fact that many rather uncontrolled lenders talked gullible people into buying homes on credit, even though these borrowers would not be able to afford that credit (the variable-rate mortgages) when interest rates were raised (and interest rates have been going up for the last couple of years). In other words, people with borderline incomes were given bad investment and credit advice.

Now www.cleardebtsolution.com is not directly involved in the housing market, but its web site does tell the interested consumer about credit counseling and about how to spot undesirable credit counseling organizations, the kind that take too much money while providing bad advice. And for people with financial problems, www.cleardebtsolution.com provides Debt Relief and Credit Card Consolidation.