• Our research into the Debt vertical is ongoing, so I’m always happy to share when I come across something that I think provides insight into this “five-year young” industry.

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    Breaking the Generational Chain of Debt: One step at a time.

    “Tragedy can strike anybody, and the results can be devastating”, says Jeff Boulton, President of Rise Above Debt Relief.

    “It is discouraging to see how credit cards are exploiting all age groups and demographics. People just don’t know or have a solution.” It is no secret the number of individuals incurring higher debt loads is increasing daily. What motivates Boulton is the ability to do something about it.

    “The industry would be better served to continue to educate those that just don’t understand their options. People are uneducated”, states Boulton. Boulton sees and is saddened by the chain of family members in debt and the capitulation by the industry in general to help out.

    “It is clear that if a company spends the time and truly cares about their prospect, that the generational chain of bad credit failure can be broken, once and for all.”

    “We see entire families driven to debt based upon permissive business rules and lack of understanding.” Boulton believes that demand for Debt services is so great that there will never really be a shortage of clients to help. Boulton doesn’t pass judgment on any Debt Settlement company and understands that most truly do care about their client needs. He would like to see and hear across the industry that everyone truly is in the business to help the prospect instead of the quick sale.

    “I’d like to see all debt settlement companies seeking to listen in detail and assist their clients in such a way to provide a better standard of living.” When asked, what exactly he would expect from the average company, Boulton replied,

    “Fundamental principles such as budgeting, understanding responsibility as a credit card holder, and the ability to manage cash flow are all imperative to getting out of debt.” These seem like simple principles but it is common for a client to be dis-engaged in the process.

    “We continue to see the upward tick of the number of individuals in debt and the average debt load.” Boulton does believe a sea of opportunity does exist for his clients. Based on the changes, he feels he can actually afford to take on a true client services solution. Boulton believes that all debt settlement companies have plenty of opportunity to serve their prospects in a professional and thorough manner.

    “Just two years ago we saw the average debt load range of $10-15,000 move to $25-30,0000. This represents both the number of clients and the size of the debt.”

    “I don’t think we understand the surmountable problem that is at hand! Because the countries debt problem has been slow and subtle over the decades we have failed to recognize the beast that has been growing, and if not tamed can literally do some serious damage to our country and its future. No matter what, we will continue to service, educate, and care about the individual families that are wrestling with this beast”.

    Jeff Boulton is the President of RiseAbove Debt Relief, a debt-settlement company based out of Phoenix, Arizona. Jeff has over seven years experience in the industry and can be reached at jeff@riseabovedebtrelief.com

    Jeff started in the financial lending industry in 2000, worked with clients and their investment portfolio. During this time he held educational seminars on becoming debt free and investing and still does so. A year and a half ago started Rise Above Debt Relief www.riseabovedebtrelief.com , and now is aggressively helping people get out of debt.

    You just read:

    Breaking the Generational Chain of Debt: One Step at a Time by Scott Schoberg

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