Federal Debt Relief Programs Offer Assistance for In-Debt Americans

Feb. 22, 2010 - PRLog -- Federal debt relief has never been more accessible for in-debt consumers thanks to President Obama’s personal debt relief plan. Widespread fear among most creditors combined with a generous federal stimulus package has created a beneficial economic environment for consumers exploring their debt relief options. With the negotiation assistance of a top performing debt settlement firm, consumers can eliminate up to 70% of their unsecured debt. Learn how to increase your odds of qualifying for federal debt relief as well as how to locate a legitimate debt settlement company in your area.  

The passage of recent federal stimulus packages has made it easier than ever for consumers to get out of credit card debt. Because the majority of these stimulus dollars went to large financial institutions where most consumer credit lines began, creditors are able to use this money to offset losses caused by debt settlements. Major creditors have already budgeted for huge deficits due to debt settlements, making them much more likely to negotiate away a significant portion of a consumer’s debt balance.  

Those who have a considerable amount of unsecured credit card debt should undoubtedly meet with a debt specialist who can help investigate their federal debt relief options. The government has set aside millions of dollars to aid personal debt relief, and it would be smart to capitalize while the funds are still available. A successful debt settlement firm can increase your odds of qualifying for federal debt relief.

If you are more than $10,000 in credit card debt, the best way to reduce or eliminate debt is by working with a debt settlement firm. These companies have established relationships with major creditors, including: credit card companies, banks, medical institutions and government programs. Because of these connections, debt settlement firms have significant leverage in the negotiation process, and will likely be able to eliminate at least 50% of your unsecured debt. After negotiating a successful debt settlement, the debt specialist will then collect a percentage of the money they actually save you. Here is an important piece of advice: avoid any debt settlement firm that asks for an upfront fee. Before engaging with a debt specialist, guarantee that they utilize a performance-based fee structure, meaning they only collect if they save you money.

Consumers who are serious about eliminating credit card debt should never go directly to a particular debt settlement firm. Rather, work through a debt relief network that pre-qualifies debt settlement companies based on a range of performance and quality factors. In order to belong to a debt relief network, debt settlement companies must demonstrate a history of effectively negotiating debt settlements as well as pass a comprehensive ethical standards test. By consulting with a debt relief network, consumers can make certain that they’re working with an established, legitimate debt specialist that can greatly increase their odds 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.