ALLEN, TX, September 16, 2009
/24-7PressRelease/ -- Halo Debt Solutions, Inc. a leading debt settlement company, announced today that it successfully negotiated a record number of settlements for consumers last month, the most the company has ever negotiated in a single month up 257% from the month prior.
"The number of settlements we negotiated in August reflects how challenging today's economic environment is for consumers and lenders," Brett Russell, President of Halo Debt Solutions, Inc., stated. "Consumers are facing a level of financial hardship that is unprecedented in recent history, making it more difficult for lenders to collect overdue payments from their customers. Our achievement in settling a record number of accounts illustrates the benefits that a legitimate, certified debt settlement company offers consumers struggling to pay their debts while providing a greater overall recapture rate to lenders."
Looking ahead, Halo Debt Solutions expects to continue to see the number of consumer enrollments increase. Job losses and the struggling housing market have caused consumer debt to skyrocket. With credit balances soaring, there is a rapid increase in individuals seeking a solution.
For the right candidate, debt settlement is the best alternative to bankruptcy or debt management. The need to establish standards within the debt settlement industry to protect consumers from engaging in the wrong program is acute. Proper counseling can ensure that only candidates that can benefit from debt settlement are enrolled. Russell adds, "As a company who prides themselves in excellence, we continue to support the move toward industry regulation. It will separate the wheat from the chaff and steer the consumer to the solution that is right for them."
As Halo Debt Solutions continues to build on their track record of successfully negotiating and eliminating the debt of their clients, they set themselves apart from many of their competitors in this vertical. Legitimate debt settlement companies can help people get out of debt efficiently and more rapidly by negotiating a settlement for a portion of the debt with their creditors. Additionally, these credible programs also help creditors by settling accounts more quickly, avoiding third party expenses, and gaining more control over this segment of their portfolio. To learn how Halo Debt Solutions can work for you, visit http://www.halodebt.com.
About Halo Debt Solutions, Inc.
Halo Debt Solutions, Inc. is an industry leader for debt settlement services with custom-tailored programs designed to help consumers settle and pay off their unsecured debt. Halo Debt Solutions, Inc. is a wholly-owned subsidiary of Halo Group, Inc. For more information about Halo Debt Solutions, Inc., visit http://www.halodebt.com.
About Halo Group, Inc.
Halo Group, Inc. is a nationwide holding company based in Allen, TX with subsidiaries operating primarily in the consumer financial services industries including debt, mortgage, real estate, credit, loan modification, and insurance. For more information about Halo Group, Inc., visit http://www.myhalogroup.com.
Contact:
Jamie Watson
Marketing Manager
214-644-0065
jwatson@myhalogroup.com
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