Consumers Can Win $5,000 to Help Pay off Credit Card Debt

SUNRISE, Fla. (June 1, 2010) – With more than 54 million US households struggling to pay off an average of $16,000 in credit card debt according to the Federal Reserve’s 2010 report on consumer credit, the non-profit credit counselors at American Debt Counseling are inspiring consumers to shed their debt and offering to jump start their efforts through the nationwide “Here’s Me Debt Free” campaign launching online today at americandebtcounseling.org/heresmedebtfree.

American Debt Counseling is calling on consumers in debt to submit a funny and creative video portraying how they would feel if they were suddenly debt free. Three winners will be selected. A grand prize of $5,000, a second place prize of $1,000 and a third place prize of $500 will be awarded in the form of direct payments toward winners’ existing credit card balances.

Alan Silverberg, founder and CEO of American Debt Counseling, a 501 © (3) not-for-profit credit counseling agency, said, “I am hopeful that our Here’s Me Debt Free campaign will inspire America’s consumers to imagine a life free from crushing credit card debt. Last year alone, our credit counselors helped clients pay off more than $37 million in credit card debt.”

Anyone 18 years or older living in the US with an excess of $500 in credit card debt is invited to use a camcorder, camera or mobile device to record and submit a video clip no longer than three minutes. Videos will be judged on originality, creativity, adherence to theme and number of page views generated.

The contest, which launches today, runs through 11:59 p.m. Eastern Time on July 31, 2010. Winning videos will be announced in September and available for online viewing at americandebtcounseling.org/heresmedebtfree and on the American Debt Counseling Facebook page.

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