Worth Unlimited Provides Relief from Rising Consumer Debt
Online, August 8, 2012 (Newswire.com) - Although the recession has created major increases in cautionary spending habits, a recent article from The New York Times reveals that many Americans are turning to credit cards to help relieve financial tension. According to The Federal Reserve, consumer borrowing rose by $17.1B in a period from April to May of this year - this is the largest one-month gain in credit card debt that the country has experience in over four years. Although the reported numbers are lower than overall credit card use recorded before the recession, the professionals at Worth Unlimited explain that American consumers should be taking more financial responsibility to avoid similar, and potentially worse, debt problems in the future.
As the article explains, consumer confidence increased as the effects of the recession have gradually appeared to shrink over the past year. However, The New York Times also reports, "In May, Americans reached for their credit cards as the job market slumped and consumer confidence slid. That could mean that more people are struggling with payments and are taking on more high-interest debt." Worth Unlimited, is a company that provides a debt reduction system and has observed how these behaviors negatively impact its clients' lives. According to the company, financial struggles should not be temporarily satisfied with high-interest borrowing, but rather through preventative planning.
Founder of Worth Unlimited, Skyler Witman expands on this spending pattern that could soon turn into another widespread financial crisis. He states, "For decades, consumers have reached for their credit cards when times get tough financially. It is for that reason that Worth Unlimited created the Worth Account - participating consumers are now able to cut up their credit cards and have a much greater sense of financial well-being as a result of our debt reduction system."
The Worth Account is unique in that, unlike other debt management services, there is still financial guidance without the continuous pressure that is associated with average financial counselors. The service supplies users with an online platform where they can easily and independently track finances and reduce debt, without incurring any new costs from additional borrowing. Witman adds that this approach not only helps individuals avoid future budget problems, but it can also actually help one maximize personal wealth.
ABOUT:
Worth Unlimited is a company designed to help individuals reduce debt and maximize personal wealth, all through strategic and savvy online financial management strategies. The company developed its Worth Account system as an intuitive online platform, designed to help individuals stay on course, financially. The Worth Account platform offers around-the-clock monitoring and analysis, allowing individuals to gain a comprehensive understanding of their own finances. Worth Unlimited is passionate for helping clients meet their financial goals.
More information about the company, and the Worth Account system, can be found at worthunlimited.com.