How to Settle Credit Card Debt and When to Use a Debt Settlement Company

You can settle credit card debt in this volatile economic market for a relatively small percentage of what you actually owe. If you are in debt for $10,000 or over it would be a financially wise decision to use a debt settlement company for debt negotiation. A top debt settlement company will be able to settle credit card debt for as little as 30% of what you actually owe. This may sound too good to be true but in fact is a reality in today's crazy economic environment. The bailout money is finally reaching Main Street and there has never been a better time to settling debt. When the credit crises came into full effect during the latter part of the Bush administration and into the Obama administration, billions of dollars were used to bail out large financial institutions where the majority of credit cards are originated. The outrage from the American public soon became apparent and the whole Main Street vs. Wall Street debate dominated the headlines. Well, the federal bailout money has finally reached Main Street and credit card companies are being more generous than ever when it comes to negotiating with people who want to settle credit card debt. If you are over $10,000 in debt it would be wise to hire a debt settlement company for debt negotiation. They hold significant leverage with all major creditors and will be able to negotiate a better overall deal. Let's say you are $20,000 in debt. A top debt settlement company would be a able to negotiate a settlement of around six thousand dollars. They would then collect a fee for their services for an amount around $2,000. So at the end of the day you walk away with a $12,000 debt elimination. I know this may sound too good to be true but it is in fact a reality that is occurring everyday in this economy. It is a direct byproduct of the financial bailout money and the overall fear that most creditors share that they won't get back any of their lent money. I guess they are so fearful that they are will to take a small percentage of their money rather than nothing. If you want to get out of debt and hire a debt settlement company for debt negotiation on your behalf then I have a 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. To find a debt settlement company through a debt relief network check out the following link: Free Debt Advice(http://www.freedebtsettlementadvice.com)