Global Client Solutions (GCS), based in Tulsa, Oklahoma, functions as a third-party processor that handles funds from consumers who are working to pay off debt through debt settlement companies. Global Client Solutions also provides services for debt settlement companies looking to improve the way they handle their accounts.

1. By Global Client Solutions

2.  Global Client Solutions (GCS), based in Tulsa,
Oklahoma, functions as a third-party processor
that handles funds from consumers who are
working to pay off debt through debt settlement
companies. Global Client Solutions also provides
services for debt settlement companies looking to
improve the way they handle their accounts.
Consumer debt, particularly money owed to credit
card companies, has seen a spike in recent years,
according to nerdwallet.com. The average
American household with credit card debt owes
$15,355.

3.  This particular type of debt presents a unique
burden, as it does not have the capacity to lend
strength to a household’s financial health over the
long term, as mortgages and vehicle loans
sometimes do.
Initially low credit card limits that rise over time
can lead consumers to overspend. People can be
tempted to charge items to their credit cards
simply because their credit limits have not been
met. Complete repayment on these balances can
become particularly difficult as interest
compounds.