How Relief Networks Help In Debt Elimination - Legitimate Debt Relief Options

By Frank Miller


You may have seen some advertisements or articles on the internet that mention the Obama credit card debt relief bill. Beware, because that there is no such thing as the Obama credit card debt relief bill. Indeed many of the claims attached to such a bill are wide off the mark and are only being used as a way to hook the gullible reader into signing up with a credit card debt settlement program. Amongst the many wilder claims being made is the statement that a credit debt relief company can only charge you if they manage to reduce your debts by more than 35%. Some of these companies even claim that the government is going to personally underwrite up to $10,000 off your debts.

Now days relief firms have become very popular, so there are many fraud companies evolving in the market which are trapping people by fooling them with their attractive websites, telling them unbelievable offers and once a person is caught in their trap, they engulf all of his money and leave him in a much worse situation. If you want to hire a legitimate firm you should contact with the relief networks. They have lists of different debt relief firms which are working for the benefit of people.

Big relief networks like Better Business Bureau and The Association of Settlement Companies, have members which are highly qualified and have a good history background of debt negotiations. Moreover they provide rating of their members so that consumers can get a clear picture when choosing their desired debt relief firm. With the help of debt relief networks you can easily differentiate between a real debt relief firm and a counterfeit.

As a consequence of the changes to the credit card debt law, the debtor can now sign up to a credit debt settlement scheme without any fear of being ripped off by their credit debt relief company. On another level it also means that credit debt relief companies are now more cautious about who they take on board for a debt settlement program. This may well be a good thing since you would obviously like to think that a debt settlement organization would only take your case on if they thought that some level of success could be achieved. Unfortunately, the credit debt relief industry is filled with misinformation. This is largely due to commission hungry organizations and individuals who will feed you any hype in order to get you signed up to their debt settlement program. Such claims, as the ones mentioned earlier, don't help because they cause confusion. In reality, debt settlement is a great form of credit debt relief for a certain kind of debtor. But it does not suit every debtor.

Finding relief network is also easy; in this case you would not have any doubts like whether the network is real or not because there are just few networks and all of them are associated with the government. To contact a relief company, you can search it over the internet and get their websites; some names have been mentions above so look for over the internet and find the most authenticated information you are needed to become debt free.

If you have credit cards or other unsecured debt over $10k you will be eligible to eliminate up to 70% of this through a credit card debt settlement. CreditCardDebtNegotiations.com will provide legitimate debt relief help and free counseling for consumers. They are one of the largest and most respected debt relief networks on the marketplace and can help you eliminate unsecured debt.




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