Demand for Credit and Debt Relief Services Experiences Huge Surge Post Lockdowns

 The COVID-19 pandemic has taken the world aback, affecting lives and livelihoods globally. It has forced economies to shut down for months, causing significant financial hardship for populations around the world. The dramatic impact of this global crisis continues to affect financial stability, with signs of strain noticeable across different markets. 

The lockdown has triggered a massive unemployment rate as the global economy is undergoing a serious recession and businesses are getting shut down amidst the financial crunch. All these factors have taken a toll on an individual’s ability to meet his or her financial obligations. Credit and debt repayments have been majorly hit during the pandemic, and even the collection system is affected badly. 

As a result, credit scores are ripped and people are suffering from tremendous credit risks. This has triggered the demand for professional credit and debt relief services as the world is getting back to normalcy post lockdown. According to Tradebloc Tim Clarke, the founder and CEO of Tradebloc Inc., “The lockdowns over the last year have really burdened families financially.” “Individual credit has been ruined due to job loss and debt has piled up as creditors remain unpaid,” he further adds. 

In this scenario, expert consultation and tailored solutions for credit and debt relief have become the need of the hour. People are in dire need of a professional who can understand their credit risks and provide definitive solutions to get through this situation. Tradebloc, a trusted credit and debt management company, has witnessed over $25 million in revenues during the first quarter of 2021 and expects further annual revenues of $50 million during the second half of the year.  

  

The company provides a comprehensive range of solutions that include debt negotiations, credit monitoring, debt settlement, and debt relief. With a collaborative approach towards creditors, they help identify the best results where it is a win-win situation for the both the parties – the clients they represent and their creditors. They have been continuously supporting individuals and businesses to overcome their credit and debt woes during these tough times. 

The journey through credit and debt relief begin with effective credit monitoring. A professional like Tradebloc Tim Clarke will carefully analyze your credit history to identify all elements that need to be worked upon. All unusual changes and erroneous entries will be disputed, while other factors missed/late payments, etc., will be catered to separately. They will negotiate with the creditors over your credit and debt accounts, ensuring measures like debt consolidation or settlement at a better rate. 

If you have failed upon multiple credit and debt accounts, an expert credit repair company will try to consolidate all your debts together to get a lower repayment amount and better terms. This will enable you to pay-off just one credit amount for all accounts rather than managing multiple accounts every month. In scenarios where debt consolidation or debt relief does not serve, debt settlement remains the best solution. 

As the economy is still struggling to get over the impact of COVID-19 pandemic, the demand for debt relief and credit repair experts like Tradebloc Tim Clark will continue to increase.

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