CHICAGO, IL -- (Marketwire) -- 09/03/12 -- Debt consolidation and credit card debt relief programs continue to offer much-needed services to throngs of Americans who remain negatively affected by the current state of the U.S. economy. Though navigating out of the maze of personal debt is a journey, there remain many good options for help with debt today. How to get started? Read on.

Fact: most new jobs in the economic "recovery" are low-paying, according to a new study. Whereas most jobs lost during the Great Recession paid mid-level wages, the majority of jobs created in the recovery -- positions such as store clerks and laborers -- pay much less, according to a new study. These lower paying jobs made up approximately 58% of the job growth from the end of the recession.

While we can only hope and look forward to better days on the horizon, the debt management industry in America offers many great programs, services and initiatives to help struggling individuals and families lessen their debt burden, pay off credit debt and get on with their lives.

Debt Consolidation - This program can work in many ways but in many cases entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, a fixed interest rate or for the convenience of servicing only one loan. Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral.

Debt Settlement - This type of debt relief program, also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. Many people take advantage of debt settlement instead of conventional debt relief because they have not seen debt management offer the benefits sold to them.

The good news is that debt relief is entirely possible today.

National Debt Relief Program offers a free debt analysis which can be taken advantage of at their website:

www.nationaldebtreliefprogram.org

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