Pre-Debt Relief Course to Guide Consumers

Global Debt Systems
announces innovative program to clarify debt-relief solutions and inform
consumers about their options free of charge.

Minneapolis, MN (January 26, 2010) – Responding to increasing
public concern over debt settlement practices, consumers now have access to
online training that teaches them how to analyze their financial condition and
select a debt relief solution that complies with their situation.  Global Debt Systems has developed a free pre-debt
relief e-learning curriculum, which is available through globaldebtsys.com.

Each of the debt relief options uses a very different approach
to debt reduction and the solutions must be clearly understood to determine its
suitability.  Consumers seeking
assistance from credit counseling or debt settlement services should not treat the
program as a solution that provides protection from creditors.  Bankruptcy is the only solution that offers
protection to consumers.  It is a legal
solution, enforceable by the courts and executed according to legal guidelines.
 Some consumers will want its power to
halt a creditor’s collection efforts or stop a pending lawsuit. 

 None of the debt
relief solutions can salvage a credit score. 
Consumers struggling with debt should not ignore the problem by doing
nothing.  There are options available;
however, each strategy should be fully explored before making any decision.  The adverse effects can be fatal to one’s life
and family.  

“No matter which
debt relief option is chosen, they all should reduce either the interest rate
charged or the amount of debt owed, and will serve to increase consumers’
economic welfare by freeing up more of their money to pay for other necessities,”
states Global Debt Systems Chief Consultant Boun Vilailath.  “The course serves to not only educate
consumers, but also teach them how to detect unscrupulous debt relief service
providers.”

The Pre-Debt Relief Course launches in February.  It consists of a
four-course curriculum that educates consumers about credit and debt, and
proceeds to clarify each debt relief option.  All non-profit
organizations, churches, and community clubs are welcome to preview the course.  For more information, visit globaldebtsys.com.

About Global Debt Systems

Global Debt Systems improves the process of resolving delinquent consumer
debt by training and outreach efforts designed to create mutually beneficial results
for creditors, consumers, and debt counselors. We provide e-learning services
to companies and organizations that educate and advocate for ethical business
practices.  Located in Minneapolis, Minnesota, the company donates time
and a portion of its profits to various non-profit organizations that promote
responsible budgeting and financial management.

CONTACT: 

Boun Vilailath

Global Debt Systems

612/234-1806
pressglobaldebtsys [dot] com

Location