Press Release Services and Business News from Send2Press, a unit of Neotrope, established 1983
Press Release Writing and Distribution
  Send2Press Archive: 2000-2004 Neotrope®
Public Relations
Press Release Services and Media Relations
Send2Press® - Press Release Writing, Newswire Distribution, Press Release Optimization, Internet Marketing, Podcasting, SEO, Media Monitoring, Media Coaching, News Syndication, Book Marketing, Entertainment News, Web PR, and Media Relations since 1983   media relations
press release writing
Press Release Services and Business News from Send2Press, a unit of Neotrope, established 1983
» Ad Industry News
» Aerospace News
» Arts News
» Automobile News
» Biotech News
» Book News
» Business News
» Computer Industry News
» Construction News
» DotCom News
» eCommerce News
» Education News
» eMarketing News
» Entertainment News
» Employment News
» Energy News
» Family/Parenting News
» Fashion Industry News
» Fitness Industry News
» Food & Cooking News
» Graphics News
» Insurance News
» Interior Design News
» Internet News
» Investor News
» Manufacturing News
» Medical News
» Music News
» NonProfit News
» Peace/Ecology News
» Podcasting News
» Political News
» Real Estate News
» Religion News
» Retail News
» Security Solutions News
» Small Cap & OTC News
» Software Industry News
» Sports News
» Telecom News
» Travel Industry News
» TV & Cable News
» VoIP News
» US Newswires
» Business Profiles
» More News Channels
» Today's Headlines

Distribute your News with Send2Press® Press Release Services


Financial Services News


Original editor for Send2Press: Christopher L. Simmons

Debtco's Program To Pay Off Credit Card Debt Saves Consumers Nearly $20 Million In 2003

SAN DIEGO, Calif. - April 12, 2004 /Send2Press Newswire/ -- Debtco, Inc. (, the San Diego-based financial services company that enables consumers with hardships to overcome excessive credit card debt, today announced its clients saved $19.8 million in 2003 while providing creditors payments instead of write offs.

"There's no magic solution to beating credit card debt. But through hard work, discipline and changing the behavior that got you into trouble, you can face your problems with creditors and take the honorable alternative to bankruptcy," said Nicolas De Segonzac, president and CEO of Debtco. "For creditors, the up-side is they are provided with a lump sum settlement from individuals who would otherwise default on their unsecured debts."

Debtco's three-year program includes debt mediation and a financial education boot camp for individuals with severe credit card burdens due to hardships, such as illness, divorce, the loss of a spouse, job loss or reduction in salary, that has put them on the verge of bankruptcy.

Founded in 2000, last year represented Debtco's first graduating class, with 465 individuals completing the three-year program and avoiding bankruptcy. If shorter term programs are included, more than 700 clients have successfully negotiated to pay off their debt with Debtco's help since the founding of the company.

Over the past three years, Debtco has resolved more than $70 million dollars in debt on behalf of its clients and paid out more than $35 million to creditors. The company has nearly 5,000 clients nationwide. Debtco is not a credit counselor, debt consolidator or credit repair organization.

About Debtco
Debtco offers an honorable and effective alternative to personal bankruptcy. The company's three-year program combines debt mediation and education to help consumers with hardships overcome excessive credit card debt and ensure they manage credit responsibly in the future. Headquartered in San Diego, Debtco enables clients to settle with creditors, providing lump sum settlements instead of chargeoffs. Debtco is not a credit counselor, debt consolidator or credit repairer. For more information visit or call 1-800-471-8203.

California Business News is powered by CaliforniaNewswire

DISCLAIMER: the above article is believed accurate but not guaranteed, and is based on business news supplied by the organization mentioned and/or quoted in the story. The organization providing the news to Send2Press is solely responsible for its accuracy. Financial/Stock news may contain forward looking statements and public companies should be thoroughly researched before considering material investment. Neotrope/Send2Press makes no claims of accuracy or suitability for any purpose. Any opinions expressed by representatives of company(s) mentioned in news item are solely those of the person indicated, and do not reflect any opinion or policy of Neotrope/Send2Press. Your use of any information contained herein is done solely at your own risk, and you are fully responsible for using any information herein, or on sites mentioned or linked to in the article.

News is Copr. © 2004 Neotrope/Send2Press. Reproduction of this news article in any form requires written authorization. You may freely link to this article, or republish the "news release" text version linked to above under "Journalist Tools" without restriction except websites must retain /Send2Press Newswire/ as the source. Sites which offer/sell PR services or newswire services may not reprint our content without express written permission.

Add Our News Headlines to Your Website Free
Free headline feed

Journalists & Editors
Choose your news by preferred topic(s).
Privacy protected.

Archived Releases

Most Recent Releases

Subscribe to RSS Feed

Top of Page | Home Page | E-mail This Article to Someone

Press Release Services from Send2Press
Learn More About Press Release Services & Business Promotion by Neotrope®
Affordable PR Services   |   Press Release Writing Services
business news
 Copr. © 1983-2014 Neotrope® — all rights reserved. Privacy/Legal Statements 
Press Release Writing
Business Press Release Services | Compare News Distribution Plans | Agency Program | How to Order
PR Services Add-on Options | Price List | SEO+PR™ Services | Press Release Writing | Publication Lists
Client Testimonials | About Us | Contact Us | Newswire Channels |
News About Send2Press | | RSS/XML Feed

Free News Articles