Articles & News About Your Credit

Debt Stacking: Premiersavings.com Gives Credit Card Debtors New Hope

(PRWEB) June 5, 2007 -- It's called debt stacking, and Eric Synstad, CEO of Premiersavings.com, has made it the cornerstone of his company's Rapid Debt Reduction Plan.

Finance professionals generally agree: when people can no longer make their credit card payments, they're usually forced to choose among several ruinous options. Some file bankruptcy or enroll in a credit counseling program, either of which means sacrificing their credit. Others borrow against their home's equity, which can mean sacrificing their children's college tuition, or precious rainy-day funds. Premiersavings.com claims that debt stacking, wisely applied, can make all those sacrifices unnecessary.

For borrowers who enroll in its Rapid Payoff Plan, Premiersavings.com predicts three very positive results. First, clients will be able to pay off their debts completely in a fraction of the time expected. Second, they'll end up paying significantly less interest than their contracts with their creditors state. Finally, they'll emerge from debt with enough money to invest in a retirement program. Along the way, claims Premier, clients will preserve or even improve their credit scores.

"The secret to debt stacking is flexibility," Synstad says. "Debt falls hardest on people who live on fixed incomes, or who have non-negotiable financial obligations, like raising children. We train our representatives to adapt the principles of debt-stacking to the budget of nearly any client who can currently pay only their minimum payments."

Already, many Premier Savings clients say that debt stacking has helped them reduce their debts, save their credit and improve their lives.

"Last year, I was living under Murphy's Law." Says William Manson, 59, a truck driver from Marshfield, Massachusetts. "First I got myself nearly upside-down in my house. Next, I got laid off and could only make my minimum payments, and saw my interest rates consistently heading up. I began to feel smothered by my debts.

Nearing desperation, he signed up with Premier Savings' Rapid Debt Reduction Plan. "I figured it couldn't hurt," he says. "So I got on my computer and typed in 'premiersavings'. Turns out it was a smart move. I may not be living large, but at least I'm not defaulting. My credit card balances are finally coming down, and I can even afford my property taxes."

"Debts gone, home equity intact, credit stable, money for retirement left over -- those are the goals I had in mind when I began promoting debt stacking for credit card borrowers," says Synstad. "It's nothing more or less than basic mathematics in the service of the wage-earning consumer. As it continues to gain in popularity, it could do a lot to restore the average American's purchasing power."

To learn more about Premier's Rapid Debt Reduction Plan, or to have a Premier Savings consultants devise a plan to suit your individual needs, call 1-800-208-1914, or visit www.premiersavings.com.

Media contact:
Eric Synstad
eric @ premiersavings.com
1-800-208-1914

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