Debt Elimination Advice - How Federal Stimulus Money Can Be Used to Eliminate Unsecured Debt

Feb 1
16:20

2010

Matt Couch

Matt Couch

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If you would like to eliminate unsecured debt then it would be wise to realize that federal stimulus money can be used to help you do this. A debt set...

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If you would like to eliminate unsecured debt then it would be wise to realize that federal stimulus money can be used to help you do this. A debt settlement company can help you negotiate up to an 80% debt elimination on your unsecured debt. Creditors would have never agreed to these kind of deals but are now doing so in record numbers thanks in part to the federal stimulus money. This stimulus money is being used to offset the losses that they are experiencing through debt settlements and have given them much more flexibility in making deals. If you are a consumer who is over $10,000 in debt it would be financially prudent to try and eliminate unsecured debt while the conditions are so favorable.

It was only a year ago when the financial credit crises shook our economy and the confidence of many investors. Every large financial corporation seemed like it was on the verge of bankruptcy and when Bear Stearns actually declared bankruptcy it was apparent that the United States was in fact in a financial crises. Our government decided that the way to get us out of this mess was to print more money at the expense of the taxpayer. Around this time is when the whole Main Street vs. Wall Street debate dominated the headlines and many Americans were outraged that the stimulus money was being used to bailout Wall Street firms leaving regular consumers to fend for themselves.

Well the federal stimulus money has finally reached Main Street and is helping consumers eliminate personal debt. Creditors are being very generous when it comes to debt settlements and the average settlement is currently over 50%. The top performing debt settlement companies will be able to eliminate 60% of your unsecured debt on average and cases in the 70-80% are not at all uncommon. If you are over $10,000 in debt it almost always makes sense to hire a debt settlement company but you need to know where to find the top performing companies.

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,Debt Elimination Advice - How Federal Stimulus Money Can Be Used to Eliminate Unsecured Debt Articles 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:

Free Debt Advice(http://www.freedebtsettlementadvice.com)