subject: Obama's Credit Card Debt Relief Programs - How to Find Legitimate Debt Relief [print this page] The President Obama's credit card debt relief program has been scrutinized, rejected and rejoiced, all at the same time. This is because of the gravity of problem of recession which has caused many people sleepless nights. People find it hard to believe that anything in today's day and age can save their lives from exorbitant amount of debt owed by them. They have been taken for a ride in the name of debt elimination. There are so many fraud companies in the market which are running their business by minting money from innocent debtors and exploiting their emotional state and lack of expertise in the financial sector.
You can qualify for this program if you have over $10,000 in unsecured debt, then you are able to get it erased. Americans are wary of fighting with debt for some time now and the introduction of "President Obama credit card debt relief program" as it has been called has come as a great rescue and is helping more and more people to finally get a grip on their life through proper management of finances. The range of relief depends on your creditor as the government has already bailed out your creditors by floating liquidity in the market in the form of stimulus money. If you have a genuine case of debt problem and are eligible for debt settlement program with your creditor then you will be able to get a specific amount, from 50-60% and sometimes even more erased. in addition to this, aid is also being extended in the form of health and unemployment insurance to those suffering due to recession, living without a job and some are even homeless. President Obama's $ 787 stimulus bill is a great gift for many who are living in financial uncertainties and negatively subjected to poor economic conditions. The American President has promised a major change to the US and this bill is one of the first things he did to curb eliminate debt and help those who are trapped in debt. President Obama's credit card debt relief program have also been called "bailed out" because of stimulus money.
Obama's Credit Card Debt Relief Programs - How to Find Legitimate Debt Relief
