subject: Debt Relief: Debt Settlement Reduces 50% of Debt [print this page] Author: Natalia Kobseva Author: Natalia Kobseva
There is a huge interest in debt relief these days, not only on the global/government stage, but also on the personal/consumer level as well. It is not only governments and municipalities small and large that suffer credit crunches, but the average consumer struggles with credit card debt as well.
While most people who follow the news have heard all about government bailing out big banks and business, many have not heard about the bailouts available for consumer who are struggling with large amounts of credit card debt and who are sorely in need of debt relief.
But what is this debt relief? And is it really available for the average U.S. citizen?
The fact of the matter is that yes, debt relief is available for anyone struggling with debt, and in particular - credit card debt. The credit card companies are shy about advertising this fact, but they are willing to negotiate credit card debt. But they do not negotiate directly with consumers. For credit card debt to be negotiated it must be done through a debt settlement firm.
These debt settlement firms specialize in negotiating on behalf of consumers with their creditors in order to obtain the largest amount of credit card debt relief possible. In most cases, the debt relief obtained through a debt settlement is almost always at least a whopping 50 percent reduction in debt owed, right off the top. And in many cases, the debt relief obtained through a debt settlement firm can be as high as 70 percent - all without ever having to consider a bankruptcy filing.About the Author:
