Credit Card Relief

April 29, 2010 15:00 ET

Consumers Look to Government Grants for Credit Card Debt Relief

NEW YORK, NY--(Marketwire - April 29, 2010) -  With the amount of US consumers in credit card debt trouble, they search for debt relief anywhere they can think of including our Government. Does the US Government provide grants or bailouts? explains the answer.

Many consumers have been hearing the term bailout, whether it be for big corporations or the average American. Consumers tend to have a misunderstanding when it comes to government grants and bailouts regarding debt relief. A lot of debt relief programs advertise Obama speaking of a bailout for Americans in debt. In most cases this is a marketing trick that spreads false hope. This is not to say there is no such thing as a debt relief program that can erase one's debt. Quite the contrary, there are many legit debt relief programs that can eliminate debt and help consumers become debt free without having to declare bankruptcy.

The closest form of a debt relief bailout or grant is a program known as debt settlement (such programs are not affiliated with the US Government). This program is unique compared with other various credit card debt relief services. Debt settlement works to eliminate debt amounts through a negotiation process. In this program a professionally trained debt arbitration specialist works to negotiate debts with creditors on a consumer's behalf. 

Unlike other debt relief programs, when successful, creditors can forgive up to 50% of the original debt amount. Over the course of 24 to 36 months your credit card bills and other various unsecured debts will be eliminated to zero. 

There has been some skepticism about debt settlement in the news lately. Unfortunately with all popular programs come scams and frauds. This is not to say the program does not work. One should be careful when choosing a settlement company. Most debt settlement companies offer free consultations. Use this opportunity to see what the company has to offer. Also check to make sure they are affiliated with professional organizations such as The Association of Settlement Companies (TASC). offers a free debt evaluation to see what debt relief program is best for the consumer at:

Contact Information

  • Contact:
    Rob Jones
    141 W 20th St, New York, NY 10011