Debt Relief - How to Capitalize on Federal Stimulus Money to Eliminate Your Unsecured Debt

Debt relief has always been available yet it has never been so financially advantageous. The federal stimulus bills are a major reason for this. Billions of dollars were granted to large financial institutions which are now using this money to offset their losses on debt settlements. Creditors of unsecured debt are coming to the realization that they would rather collect a small percentage of their money than none at all. They are therefore agreeing to very generous debt settlements and the stimulus money is making this financially feasible. If you are at least $10,000 in unsecured debt it would be wise to consider a debt settlement while the conditions are so favorable. When the stimulus money begins to run out the creditors will not be so generous.

Federal stimulus money has finally made its way down to a consumer level and if you have over $10,000 in unsecured debt it can help you receive a favorable debt settlement. With the help of a debt settlement company, consumers are able to eliminate at least 50% of their unsecured debt. This is just the average and there have been many cases where this ahs been much higher. Just a year ago the average settlement was around 30% but the federal stimulus money has allowed creditors to be much more flexible in negotiation.

If you have the ability to pay a lump sum amount to settle your debt than you should do so. If you do not have the money you can pay into an escrow account for an affordable monthly payment and when it accumulates to the settlement amount your account will be paid and closed.

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.

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: