SOURCE: Federal Debt Relief Program

June 17, 2010 22:23 ET

Credit Card Bailout: Debt Relief & Consolidation Now Available

With Credit Card Debt Part of the Larger Personal Debt Crisis Today, Federal Debt Relief Program Explains the Credit Card Bailout

LAS VEGAS, NV--(Marketwire - June 17, 2010) -  Credit card debt relief is needed today now more than ever. Though a budding national economic recovery is underway, many millions are still drowning in credit card debt. Fortunately, the credit card bailout programs now available can help ease the stress associated with credit card debt and help a person reclaim their financial freedom.

The number of various credit card debt relief programs available today is more numerous than ever before, giving those in debt more options from which to choose. These credit card bailout programs include the old school as well as the new school.

Credit Card Debt Consolidation is a credit card bailout program whereby credit card debts are consolidated or combined. This could provide either a lower interest rate, a fixed interest rate, or extended payment terms. One of the benefits of credit card debt consolidation is making the repayment process more manageable.

Consumer Credit Counseling is a program that is better suited for individuals who may not be experiencing a serious debt crisis just yet and/or have lower amounts of credit card debt. With the help of consumer credit counseling, a personal household budget can be established as well as extended payment terms with creditors.

Debt Settlement is one of the newer and more effective credit card bailout programs available today. A sort of shock treatment program for serious amounts of credit card debt, typically $10,000 and above, debt settlement is a program whereby a person's credit card debt is negotiated through a debt relief firm directly with their creditors. In many cases, credit card debt that is negotiated through a debt relief firm can be reduced by up to 50% or more. This is credit card debt that can be negotiated away, and essentially forgiven.

Federal Debt Relief Program, a non-government, non-government related debt relief firm, offers a free debt evaluation and free debt savings quote which can be taken advantage of at their website:

Contact Information

  • Contact:

    Natalia Kobseva