Obama Wants You Out of Debt - Learn How to Find the Most Legitimate Debt Relief Programs

Debt relief programs have always been available but thanks to the Obama administration's passage of the financial stimulus bills, debt relief has never been so financially advantageous for consumers. The main criticism of Obama's financial stimulus bills was that the money was only being lent to large financial institutions and that Main Street was being left to fend for itself. It is now clear that the federal stimulus dollars have had big impact on the debt settlement industry and there has never been a better time to try and eliminate your debt. This article will help consumers locate the most legitimate debt relief programs on the market and explain why this is such a favorable time for debt settlements.

Obama's fiscal policy has undoubtedly been defined by massive government spending thus far. However, the whole Wall St. vs. Main Street debate has lost a little bit of credence as it is becoming more and more clear that the stimulus money has in fact reached Main Street. The debt settlement industry is a perfect example of this. Creditors are using the stimulus money as a cushion to offset losses they have already budgeted in for debt settlements. Creditors are much more flexible when negotiating settlements as a result of the stimulus money.

Creditors are also very worried about increasing delinquent accounts especially creditors of unsecured debt. Unsecured debt is just debt without a tangible asset backing it up. Credit card debt is the most common form of unsecured debt and is also the most popular for debt relief programs. A legitimate debt settlement company should be able to eliminate at least 50% of your unsecured debt and cases in the 70-80% range are not uncommon in this market. If you are at least $10,000 in debt it would be wise to speak with a debt settlement company who will be able to significantly increase your chances in receiving a generous debt settlement. It is important however than consumers know how to find the most legitimate debt relief programs in their area.

If you want to get out of debt and find the most legitimate debt relief programs 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: