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Credit Solutions Celebrates A Year Of Saving Customers Over 50 Percent Off Debt
Dallas, TX – July 28, 2010 – Credit Solutions, the debt settlement innovator, saved customers an average of 55.2% off of their debt in June. This marks the record 12th month in a row Credit Solutions helped consumers save over 50% off the interest, penalties, and fees plaguing many Americans today.
Credit Solutions saved consumers $10,031,772.92 in June, settling $18,157,471.63 in consumer debt on 3,160 accounts. In other words, consumers for whom Credit Solutions negotiated $18,157,471.63 in settlement offers with creditors last month paid off their credit cards at 44.8% - less than half of the total amount owed. For instance, if a consumer owed $10,000, he would have the opportunity to settle the account for $4,480, a $5,520 savings.
“Over the last 12 months, we have saved customers an average of 56 percent off of their debt,” said Credit Solutions’ CEO Doug Van Arsdale. “This is an accomplishment I am very proud of. It is a testament to the dedication of Credit Solutions’ expert Settlement Advisors to securing the best possible settlements for our clients.”
Settlement companies like Credit Solutions act on consumers’ behalf, negotiating directly with creditors to facilitate repayment of consumer debts at a reduced percentage of the total owed. Upon completing a debt settlement program, all of the consumers’ debts included in the program are “settled,” or resolved with zero balances.
Two recently published academic studies found that debt settlement provides the greatest consumer welfare of any debt-relief approach, calling it part of the healing process to get distressed U.S. households back on sound financial footing.
Since its 2003 inception, Credit Solutions has assisted more than 250,000 U.S. customers in becoming debt-free, settling more than $1.2 billion total of consumer debt. Debt settlement increasingly offers benefits to consumers as the most immediate form of debt relief available in today’s tenuous economy.
About Credit Solutions
Market leader Credit Solutions is recognized by the American Business Awards for the "Best Customer Services Department in Financial Services." A charter policy partner of the United States Organization for Bankruptcy Alternatives (USOBA), Credit Solutions is certified by BSI Management Systems for USOBA best-practice compliance. For more information, visit www.creditsolutions.com. En español: http://espanol.creditsolutions.com.
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Credit Solutions Renews ISO 9001:2008 Certification, Reaffirming Commitment To Quality
Dallas, TX – Jul. 14, 2010 – After a thorough in-house, two-day audit, Credit Solutions has been awarded its fourth ISO 9001:2008 certification in accordance with The International Organization for Standardization (ISO), the world’s largest developer and publisher of international business operating standards.
BSI Management Systems, an independent quality system certification body, conducted the audit and evaluated Credit Solutions’ Quality Management System. Credit Solutions’ sales, customer service and settlement operations are audited every six months to ensure they are continuing their commitment to the international standards of excellence. For consumers, conformity of products and services to international standards provides assurance about their quality of service, security of their financial data and overall reliability.
“This certification is confirmation of Credit Solutions’ superior quality in operations and process-driven excellence to ensure client satisfaction,” said Credit Solutions CEO Doug Van Arsdale. “Our employees have all worked hard to strengthen our commitment to quality results and ensure integrity at every level of the organization. We are beyond pleased with the successful audit due to these efforts by the entire company.”
Since its 2003 inception, Credit Solutions has assisted more than 250,000 U.S. customers in becoming debt-free, settling more than $1.2 billion total of consumer debt. Debt settlement increasingly offers benefits to consumers as the most immediate form of debt relief available in today’s tenuous economy.
About ISO
ISO (International Organization for Standardization) is a network of the national standards institutes of 160 countries, one member per country from all regions of the world, with a Central Secretariat in Geneva, Switzerland, that coordinates the system. The non-governmental organization forms a bridge between the public and private sectors, enabling consensus on solutions that meet both the requirements of business and the broader needs of society. "ISO" is derived from the Greek word, isos, meaning "equal." For details, visit www.iso.org.
About Credit Solutions
Market leader Credit Solutions is recognized by the American Business Awards for the "Best Customer Services Department in Financial Services." A charter policy partner of the United States Organization for Bankruptcy Alternatives (USOBA), Credit Solutions is certified by BSI Management Systems for USOBA best-practice compliance. For more information, visit www.creditsolutions.com. En español: http://espanol.creditsolutions.com.
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Credit Solutions Wins Stevie® Award For IT Department Of The Year
Dallas, TX – Jun. 30, 2010 – Credit Solutions, the debt settlement innovator, won a Stevie Award for IT Department of the Year in the 2010 American Business Awards, the nation’s premier business awards program.
The awards were presented during ceremonies at the Marriott Marquis Hotel in New York City. The ceremonies were hosted by Cheryl Casone of Fox Business Network and broadcast nationwide on radio by the Business TalkRadio Network.
Stevie Awards were presented in over 40 categories including Best Overall Company of the Year, Executive of the Year, and Corporate Social Responsibility Program of the Year. More than 2,700 entries from organizations of all sizes and in virtually every industry were submitted for consideration.
“Much of our success can be attributed to the innovative technology produced by our IT department,” said Credit Solutions CEO Doug Van Arsdale. “Credit Solutions has maintained our standard of service excellence by developing and adopting the newest technologies to meet our customers’ evolving needs.”
Credit Solutions has also received recognition for its innovative use of technology from the prestigious Red Herring 100 North America list and the InfoWorld 100 Awards. Credit Solutions’ Vice President of Information Technology was also recognized by the Computerworld Premier 100, a list that honors IT executives who effectively use technology to improve their organization.
Since its 2003 inception, Credit Solutions has assisted more than 250,000 U.S. customers in becoming debt-free, settling more than $1.2 billion total of consumer debt. Debt settlement increasingly offers benefits to consumers as the most immediate form of debt relief available in today’s tenuous economy.
About The Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com..
About Credit Solutions
Market leader Credit Solutions is recognized by the American Business Awards for the "Best Customer Services Department in Financial Services." A charter policy partner of the United States Organization for Bankruptcy Alternatives (USOBA), Credit Solutions is certified by BSI Management Systems for USOBA best-practice compliance. For more information, visit www.creditsolutions.com. En español: http://espanol.creditsolutions.com.
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Credit Solutions Named Finalist in 2010 American Business AwardsSM
Dallas, TX – June 3, 2010 – Credit Solutions, the debt settlement innovator, was named a Finalist in three categories in the 2010 American Business Awards, the nation’s premier business awards program.
Credit Solutions’ IT department, Customer Service department and social responsibility program ‘Credit Solutions Cares’ were all recognized as Finalists by the American Business Awards. This is the second year in a row Credit Solutions has received Finalist recognition in these three categories.
“It is gratifying to see Credit Solutions’ hardworking employees recognized by the American Business Awards again this year,” said Credit Solutions CEO Doug Van Arsdale.
More than 2,700 entries from organizations of all sizes and in virtually every industry were submitted for consideration in various categories. Finalists were chosen by business professionals nationwide during preliminary judging in April and May.
The winners of the 2010 Stevie Awards will be announced during a gala on Monday, June 21 at the Marriott Marquis Hotel in New York City. More than six hundred executives from across the U.S. are expected to attend.
Credit Solutions won Financial Services Best Sales Department of the Year in the 2009 Stevie Awards for Sales & Customer Service, Financial Services Best Customer Service Organization in the 2008 American Business Awards and Best Entrepreneur in the 2008 Stevie Awards for Women in Business.
Since its 2003 inception, Credit Solutions has assisted more than 250,000 U.S. customers in becoming debt-free, settling more than $1.2 billion total of consumer debt. Debt settlement increasingly offers benefits to consumers as the most immediate form of debt relief available in today’s tenuous economy.
About The Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.
About Credit Solutions
Market leader Credit Solutions is recognized by the American Business Awards for the "Best Customer Services Department in Financial Services." A charter policy partner of the United States Organization for Bankruptcy Alternatives (USOBA), Credit Solutions is certified by BSI Management Systems for USOBA best-practice compliance. For more information, visit www.creditsolutions.com. En español: http://espanol.creditsolutions.com.
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View all 2009 press releases...
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