Obama Wants to Help You Get Out of Debt - How to Get Out of Debt With Government Help

It is no secret that Obama's fiscal policy thus far has been defined by massive government spending and stimulus packages. The stimulus packages passed early on in his administration received a lot of criticism for only bailing out the large financial institutions and Wall St. executives. The perception that these financial bailouts are not helping Main Street can now be nullified. It is clear that the stimulus dollars have reached the consumer level and are providing creditors the ability to agree to very generous debt settlements. Consumers who are at least $10,000 in debt can qualify for debt settlements or even government grants which never need to be paid back. The government has millions of dollars to pass out for personal debt relief so it is well worth your time to at least apply and see how much money you could save or be granted.

If you want to get out of debt you are obviously not the only one. There are more people currently in debt than any previous time in our nation's history including the great depression. Creditors of unsecured debt are becoming very fearful that they will never see a dime from many of their delinquent accounts. They are therefore agreeing to debt settlements that are very generous to consumers. A legitimate debt settlement company will be able to eliminate at least 50% of your unsecured debt in this market and cases in the 70% range are not uncommon. This 50% average is up significantly from just a year ago when it was more like 35%. Debt settlement companies have the leverage over creditors in this market and it would be financially prudent to hire one if you are at least $10,000 in debt.

A legitimate debt settlement company will not ask for an upfront fee and any company that does should be avoided. There are plenty of companies that can help you get out of debt and have a performance based fee system. This means they only make a certain percentage on the debt they are able to eliminate. They make more money when they eliminate more of your debt so you can be assured that they have your best interest in mind.

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: