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

Personal debt relief has never been in a higher demand than it is currently. This recession has been described as one of the worst economic periods since the Great Depression however the federal stimulus packages severely softened the blow and many consumers are actually benefiting from the recession though debt settlements. If you are over $10,000 in unsecured debt you will be able to eliminate 60% of this with the help of a debt settlement company.

Creditors are very worried about not collecting on their unsecured debt and are currently agreeing to very generous debt settlements. This is financially feasible for the major creditors because they are using the stimulus money to offset their losses they incur through debt settlements. It would be wise of consumers to look into a settling their debts before the stimulus money runs out and creditors become not so generous.

There are more people currently in debt than any time in history and delinquent accounts are rising at alarming rates. When a consumer defaults on unsecured debt the creditor is basically out of luck so they would rather collect a small percentage of their money rather than none at all. Creditors are now agreeing to very generous debt settlements because they really have no choice with the economy so bad. Federal stimulus money has also made these generous settlements financially feasible for the major creditors. If you are over $10,000 in debt it would be a wise financial decision to capitalize on the market conditions while debt settlements are so favorable. Personal debt relief will not be so generous when the stimulus money runs out.

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: