subject: Debt Relief Bailouts - Reduce Your Debt by 50% by Qualifying For Credit Assistance [print this page] Whenever a person is into Credit card debt and need assistance the best option which comes to the mind is assistance on your debts which can be done by going for Debt settlement and consolidation techniques. The other option is which many people might not know is government credit card help which save people form Bankruptcy and default on bigger loans.
The credit assistance provided by the federal government can be availed by anyone who has over $10,000 in unsecured debt to pay off. In most of the cases you can erase your debt by 50- 60% or even higher depending on the individual basis. This help was designed by the American government to preserve the economy by keeping more and more people out of any debt or financial liabilities. While Credit counseling can reduce your interest rates and consolidate the payment so as to prevent you from having a bad credit score. Also, in the case of Debt settlement you can lower your debt amount by around 50- 60% as they negotiate with your creditors and settle a deal thus, lowering your interest rates and monthly installments which can fall easy on your pocket. Credit assistance also makes sense and should be availed when you have a huge debt of say, $10,000 or more otherwise assistance makes no sense as it will ruin your credit report.
The credit card companies also provide assistance and relief methods to the debtors who are really in need and are genuinely not in a condition to pay the debts. They provide leverage to such customers by reducing their debt amount by lowering the interest rates which normally vary from 40- 60% of the total debt amount. A good relief company can lower down your monthly payments up to 50% and helps eliminate the debt in around 36 months.
Debt Relief Bailouts - Reduce Your Debt by 50% by Qualifying For Credit Assistance
