Credit Card Debt Relief - Why Pay Your Credit Card Bills When You Can Eliminate 60% First

Sept. 1, 2009 - PRLog -- Credit card debt relief has never been so financially advantageous for consumers who find themselves at least $10,000 in debt. If you are over $10,000 in debt you will be eligible to utilize the services of a debt settlement company. A top performing company will be able to eliminate 60% of your unsecured debt on average. This will only have a minimal impact on your credit score and is clearly a better alternative than declaring bankruptcy. Credit card companies are very fearful of not collecting on their delinquent accounts which are rising at alarming rates. They are more than willing to make deals and due to market conditions and government stimulus money they are currently agreeing to very generous settlements.

Credit card debt relief has never been in higher demand. There are so many people who are massively in debt that creditors have no choice but to make deals. They would rather collect a small percentage of money than none at all. Credit card companies are also much more flexible in debt settlements due to the government stimulus money which they are using to cushion their losses. Creditors will not have this government stimulus money forever and it runs out they will most likely not be as generous. It would be wise for consumers to take advantage of current market conditions while they are so favorable.

Consumers who are over $10,000 in unsecured debt have the best chances in receiving a favorable settlement. In order to work with a debt settlement company you must be at least $10,000 in debt. The top performing companies will have established relationships with all the major creditors including credit card companies, banks, and medical institutions. It would be wise to seek out the most established debt settlement companies if you want to receive a favorable settlement. The more experienced companies will be able to provide better credit card debt relief.

If you want to get out of debt and hire a debt settlement company for debt negotiation then I have an important piece of advice. Do Not go directly to a particular debt settlement company but rather first go to a debt relief network who is affiliated with several legitimate debt companies. In order to be in the debt relief network, the debt settlement companies must prove a track record of successfully negotiating and eliminating debt. They must also pass an ethical standards test. Going through a debt relief network will ensure that the debt company you are provided with is a legitimate and respected company. This is the most efficient way in finding the best debt settlement companies and increasing your chances of eliminating your debt.

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FreeDebtSettlementAdvice.com is one of the largest and most respected debt relief networks on the marketplace today. FreeDebtSettlementAdvice.com is a matchmaker in the debt reduction industry. They pair consumers up with debt specialists in their area free of charge that are most likely to get consumers the best deal.

http://www.freedebtsettlementadvice.com