The Obama Credit Card Relief Program? How You Can Legally and Ethically Reduce Credit Debt

April 17, 2010 - PRLog -- President Obama has come to realize American’s are struggling with debt and need some help. However, many feel he has put together a plan for helping not only those in debt, but the credit card companies and debt relief companies as well.

What was this program?

The Obama credit card debt relief program is the stimulus plan that helped American companies get out of financial disaster.

And many are saying that it now the benefit applies to you.

"With what is now known as the Obama credit card debt relief program, you are now legally and ethically able to legally and ethically erase your past due debts."  This is not true. Yes, you can legally consolidate your debts, but this program is not about reducing personal debt.

With the recent recession, many Americans have gone into deep debt and for many of them, there is not a way out very near because of their credit debt. Obama's protection for credit card debt relief is what many Americans think they need in order help get them out of debt once and for all.

But, the government has only made it legal to consolidate debts, that are not personally forgiving them.

A lie has been promoting say that "obama's credit card debt relief plan help you get out of debt, it will reduce stress do to the unbalanced scales of income verses cost of living. We will be able to negotiate are debts with our creditors in order to work out a manageable plan of action. "

So, will Obama be erasing my past due debts? No, but the money Obama has given into our economic system that has allowed banks to stay in business makes this possible, hence the name it has been given.

This stimulus money was used to pay off debt and helped stabilize the economy and creditors financial problems.

The average American family now carries over $10,000 in unsecured bad debt that eats away at their finances. if you or someone you know has $10,000 or more in credit debt, you can now legally and ethically get it reduced.

Time to take advantage of these times.

http://eliminate-your-credit-card-debt.com