Government Credit Card Debt Relief Program- Can You Legally Erase Your Debt?

July 16, 2010 - PRLog -- While you may have major credit card debt and have looked at solutions like credit counseling, have you ever looked at the option of the president Obama credit card bill?

Did you Know that it is 100% Legal to erase 50-60% of your debts? ---------> Erase 50-60% of CC Debt. It takes less than 10 seconds. Just enter how much you owe to see how much you can get erased.

If you haven't, you may be in for a shock.  Because if you have over $10,000 in unsecured credit card debt, you may be able to have it erased through the credit card debt stimulus plan.  

So if you don't know what the president Obama credit card legislation can do for you; this article can help.

The first thing to understand about the credit card debt stimulus plan is that this money from the government is real and available to those with credit card debt.  This package is all a part of the legislation that Obama signed into law when he took office that also bailed out banks and other companies that were facing bankruptcy.

As part of the effort to improve the economy, debt relief is also available to expunge consumer debt.  However, not every American qualifies for the president Obama credit card bill.  This is because you have to have at least $10,000 in past due unsecured credit card debt to qualify for the plan.

While the average household now owes more than $9,700 worth of credit card debt, more and more households are going over the $10,000 mark and falling behind on the payments as the recession continues.

When people first start using charge cards, they don't realize that they are developing habits that will haunt them for a very long time.  Once they charge the card to it;s limit, is when they realize that it will take at least 20 to 30 years to pay off the debt with minimum payments.

After you get used to charging, things that you want become things that you need, and the downward cycle begins.  And since credit card companies rely on you to make profits, they structure your debt so that you can keep it for life.  

Millions of Americans are facing the same situation, which is why what is being known as the President Obama credit card legislation can actively help any consumer erase 50-60% of their debts. The government realized that twenty to thirty years was far too long to stay in debt and that Americans were becoming the victims of rising interest rates and other fees.  Under the president Obama credit card bill, as an American, you now have rights; and you should take advantage of them.      

You can now legally and ethically erase your credit debt.

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

Do not stay in debt when the stimulus bill already bailed out your creditors. Just enter in how much you owe to see how much you are legally able to get erased.

There is no reason to file bankruptcy when you have legal rights to reduce the amount you owe.