Salt Lake City Debt Settlement
The slow down in the Salt Lake City local economy has caused a lot of people to default or fall behind on their credit card debts among other debts. Bank One, MBNA, Wells Fargo, Citi and other major credit card companies and issuers know that people can't pay and have been secretly offering credit card debt relief to consumers in Salt Lake City who owe more than $10,000.
These companies know that the average credit card default rate in Salt Lake County is about 12 percent. That means they never collect the entire balance owed from those consumers. As a result, they have created a program for people in the Salt Lake County region called a debt settlement. A debt settlement offer allows the credit card companies to collect a smaller portion of the balance you owe.
"I owed about $8,000.00 in combine Utah state and IRS taxes and had no money to pay. The Offer in Comprise helped reduce that amount." -- Jackie (Utah)