subject: Debt Consolidation Stimulus – The Obama Debt Relief Plan [print this page] Debt Consolidation Stimulus The Obama Debt Relief Plan
There has never been a better time to dig yourself out of debt than right now, using Obama's debt relief plan.
In 2009, banks and creditors were falling fast, and many were facing bankruptcy. When President Obama was elected, he signed a credit stimulus package which channeled millions of dollars into these institutions to help them stay in business.
Aurora Lillo Editor of the "Best Debt Consolidation Services" website -- http://www.BestDebtConsolidationServices.net -- pointed out;
"...This money has helped consumers as well, by allowing creditors the ability to make deals with consumers that cut down the amount owed..."
Now, with the help of debt consolidation, consumers have the ability to shave of 50%, 60, and even up to 70% of their total debt. If you owe $10,00 or more in debt, and only pay the minimum payment, it could take 30 years or more to pay it off! This almost guarantees you'd be taking your deficit into retirement with you, and no one wants that!
By acting to negotiate your debt, you can cut the time needed to pay it off dramatically and begin living free of financial obligations much more quickly. The cash disbursed among major financial institutions makes this possible by offsetting the losses they may incur through any settlement, making them much more eager to bargain with you. Fear of not collecting their unsecured debts from you also gives them more reason to make a deal.
It is recommended to anyone who is behind to have a talk with a relief consultant, or to work with an account settlement company. These professionals are able to assess your situation individually, tailor a plan specifically to your needs, and negotiate payment settlements with your creditors. Most major companies will talk to you for free, and have relationships with the major creditors which increase your chances of getting the best settlement.
Moreover, it is important to be sure you deal with a legitimate and professional consolidation company. These companies may gather personal information about you like account numbers for each account due and even your social security number, so it is important to research the company first. Sites like LowerMyBills, PriorityDebtSettlement or DebtHelp101 are able to help you find companies with the highest reputations and respect for your privacy.
"...While it is exciting to be able to eliminate at least half of your debt, be sure you choose the right consolidation firm for you. Keep your information safe and in good hands! ..." added A. Lillo.
Further information about trusted and reputable companies for debt consolidation by visiting; http://www.BestDebtConsolidationServices.net
