subject: Personal Debt Relief Options - Legitimate Debt Relief Solutions For 2010 [print this page] Are you searching for personal debt relief options? Do you want to know what the legitimate debt relief solutions are for 2010? This article tries to provide the answers to all your questions. Personal debt relief options have started replacing the option of bankruptcy in the recent times. This is because of the fact that bankruptcy is followed by a number of financial problems which is not present in the relief options. However, the major concern is to find a legitimate relief option. The debt relief industry is full of companies which are not authentic. It is because of these shady and fraud companies that the debt relief industry has earned a bad reputation.
To revamp the relief industry, the Federal Trade Commission introduced some new debt relief laws on July 29th which will be effective from 27th October. According to these new regulations, the relief companies are not allowed to collect upfront fees from the consumers and they will be able to get their fees only after they successfully eliminate the debt of the consumers by at least 50%. It is because of this new legislation, the shady companies will be pushed out of the market because only those companies which have a good track record and strong financial backup will be able to sustain in the market. The fraud companies have neither of those. Therefore, they will be thrown out of the market. It will therefore become easier for you to get hold of legitimate debt relief solutions.
The most legitimate relief solution for 2010 is the method of debt settlement. By this method you can not only eliminate the unsecured debt that you have by at least 50% and up to 70% but also, you can avoid the financial problems which are associated with bankruptcy filing. All that you need to do is to get hold of a reputed relief company and follow the instructions provided. The negotiator from the company will negotiate with the creditor and eliminate at least 50% and up to 70% of the unsecured debt that you have. Once the creditor wipes out a certain percentage of the debt, you need to repay the remaining amount of the loan in one single payment!
Debt settlement is a viable option to filing bankruptcy and is becoming increasingly popular amongst Americans with over $10k in unsecured debt. Creditors are ready to negotiate. You can literally eliminate 50% of your unsecured debt with a settlement.
Personal Debt Relief Options - Legitimate Debt Relief Solutions For 2010
