How Obama's Stimulus Money is Helping Small Businesses Get Out of Debt

Small business debt relief is now widely available thanks to Obama's stimulus money finally trickling down from the large financial firms where most of the stimulus money was originally lent to. According to a study by the U.S. Small Business Association, only 2/3 of all small business startups survive the first two years and less than half make it to four years. The recession has made things even tougher for small businesses and if a recent venture has left you deep in debt it would be financially prudent to get a debt settlement rather than declare bankruptcy. Due to the massive amount of people in debt, debt settlement companies are negotiating the most generous settlements the industry has ever seen.

IF you are in debt for over $10,000 then you should definitely hire a debt settlement company if you want to get out of debt. If you are under $10,000 in debt you might want to consider negotiating with your creditors by yourself. The most successful debt settlement companies will be able to eliminate 50% of your debt on average. Results obviously vary depending on your particular situation and how effective your debt company is at negotiation. Generally, the longer you have had your debts the easier they are to eliminate.

Small business debt relief is widely available and debt settlement is a much more financially attractive decision when compared to bankruptcy. Small business debt is very common and has increased significantly as a result of the latest recession. Therefore if you find yourself in debt for over $10,000 just know that you are in a large pool of people who are in the same exact situation. Creditors are becoming very fearful that many of these accounts will end up complete defaults and are therefore more than willing to try and recoup some of their lent money even if it is just for a small percentage. They would rather have a small percentage rather than nothing at all.

If you want to get out of debt and hire a debt settlement company for debt negotiation on your behalf 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 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: