Obama's Stimulus Money and How it Has Made Debt Settlements Financially Attractive For Consumers

Debt settlements have never been so popular largely as a result of Obama's stimulus money that went into circulation about 6 months ago. It might have taken 6 months to realize but it is now clear that the stimulus dollars are making in easier for consumers to get out of debt. Documented debt settlements have increased significantly since the passage of the financial stimulus bills. Creditors are using this money to mitigate their losses they are incurring with debt settlements and therefore have much more flexibility when negotiating debt. If you have at least $10,000 in unsecured debt it would financially behoove you to hire a debt settlement company who can significantly increase you leverage with creditors.

When Obama passed the financial stimulus packages there was an outrage by many consumers that the money was only bailing out large financial institutions and leaving Main Street to fend for themselves. Well this argument has lost some validity as it is becoming quite clear that consumers are reaping the benefits as well. Debt settlements which eliminated 30% of consumers' debt were being negotiated just a year ago and after the financial stimulus bills were passed the average soared to around 50%. This might seem too good to be true but is in fact a reality. On average consumers are eliminating 50% of their unsecured debt and cases in the 70-80% range are not at all uncommon in this market.

Creditors are very worried about increasing default rates which are currently rising at alarming levels. They are being forced to agree to very generous debt settlements not because they want to but because they would rather collect a small percentage of money than none at all. Debt settlement companies definitely control the leverage in this market and if you are over $10,000 in unsecured debt it almost always makes financial sense to hire one but you need to know where to look.

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. 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: