Federal Debt Relief Offers Solution for Consumers Plagued With Credit Card Debt

Feb. 22, 2010 - PRLog -- Federal debt relief options have never been more favorable for consumers, and those with serious credit card debt should take advantage now. A weak economy combined with a generous federal stimulus package and widespread panic among major creditors makes it an ideal time for consumers to cash in on these very unique debt settlement opportunities. With the help of a top debt settlement firm, in-debt consumers can eliminate up to 70% of their unsecured debt. Learn how consumers can increase their chances of qualifying for federal debt relief and locate a legitimate, respected debt settlement firm in their area.

The recent passage of several federal stimulus packages has made it easier than ever for consumers to eliminate credit card debt. Because most of these funds went directly to the large financial institutions where consumer credit lines originate, creditors can utilize these funds to offset losses incurred by debt settlements. Credit card companies and other creditors have financially prepared for massive losses as a result of debt settlements, making federal debt relief a realistic opportunity for in-debt consumers who are serious about eliminating a significant portion of their balance.

If you have a lot of credit card debt, it’s always a good idea to meet with an experienced debt specialist who can help explore your financial options and increase your odds of qualifying for federal debt relief. The government has set aside millions of dollars to aid personal debt relief programs, and consumers must capitalize while the funds are still available. By working with a trusted debt settlement firm that employs skilled negotiators, consumers can expect to reduce their credit card debt by more than half.

Those with more than $10,000 in unsecured credit card debt who want to eliminate debt should consider hiring a skilled debt settlement company. A legitimate debt settlement firm will have long-established relationships with major creditors, including: credit card companies, banks, medical institutions and government programs. The best settlement firms can help remove at least 50% of your debt balance. After negotiating a favorable settlement, the debt specialist will collect a percentage of the money that they actually save you. One important tip to keep in mind – never pay an upfront fee for debt settlement assistance. Before signing a contract with a debt settlement firm, always ensure that they utilize a performance-based fee arrangement, meaning they only collect if they save you money on outstanding credit card debt.

If you’re serious about reducing or eliminating credit card debt and want to hire a debt settlement company to handle the debt negotiation process, never go directly to a particular debt settlement firm. Instead, work through a well-known debt relief network that is affiliated with legitimate debt specialists. In order to belong to the debt relief network, debt settlement companies must demonstrate a proven track record of successfully negotiating debt settlements, as well as pass an exhaustive ethical standards examination. By working through a qualified debt relief network, consumers can be sure they are consulting with an expert debt settlement leader that can significantly increase their chances of eliminating debt through federal debt relief. For more information, or to locate a debt settlement firm near you, please visit http://www.DebtReliefEmergency.com.

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DebtReliefEmergency.com is one of the largest and most respected debt relief networks in the industry. We provide a free service that matches in-debt consumers with top-performing debt relief professionals in their area. Please visit http://www.DebtReliefEmergency.com for free debt settlement advice and insights, or to locate a debt settlement firm near you.