Credit Card Debt Relief - How Federal Stimulus Money is Making Credit Card Debt Relief Popular

Credit card debt relief is available and federal stimulus money has given creditors much more flexibility when negotiating a debt settlement. Creditors are using the stimulus money as a cushion to mitigate their losses. Credit card companies and other holders of unsecured debt are also very concerned about the alarming rate of increasing delinquent accounts. If a consumers defaults on their credit line the creditors are basically out of luck. A combination of fear and stimulus money has made this a very unique time in the debt settlement industry and credit card debt relief has never been so financially advantageous for consumers who are trying to get out of debt.

A top performing debt settlement company will be able to eliminate at least 50% of your unsecured debt. 50% is just the average and cases in the 70-80% are very common in this market. You could attempt to negotiate with your creditors buy yourself but a debt company will be able to almost always negotiate a better settlement. This is because they have established relationships with all the major creditors including banks, credit card companies, and medical institutions.

Credit card debt relief through a debt settlement company will allow consumers to eliminate a percentage of their debt and either pay back the rest in one lump sum or through a payment plan. A debt settlement does not carry all of the negative consequences of bankruptcy either. You will get a slightly lower credit score but this seems minimal compared to eliminating over 50% of your unsecured debt. This is a trade that the majority of Americans are more than willing to make.

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.

FreeDebtSettlementAdvice.com is one of the largest and most respected debt relief networks on the marketplace today. To find a debt settlement company through FreeDebtSettlementAdvice.com check out the following link: