SOURCE: Total Debt Relief

May 24, 2010 16:00 ET

Can the Government Relieve Credit Card Debt With Grants? Total Debt Relief Explains

DALLAS, TX--(Marketwire - May 24, 2010) - Americans are tired of their credit card debt burdens and are looking towards the US Government for assistance. Does the US Government provide grants or bailouts? reveals the details.

Bailout has been a trending topic for the past year and not just for the auto industry. Americans have a tendency to rely on the Government for services they simply don't provide; this is especially true regarding debt relief. Private debt companies advertise their debt relief programs as part of a government initiative. These tactics are used to take advantage of consumers' misunderstandings regarding debt relief. This is not to say there is no such thing as a debt relief program that can erase one's debt. Fortunately, this is not the case at all. Professional debt relief programs do exist and they are growing by the day.

Debt settlement can be viewed as a debt "bailout" but without the government affiliation. This innovative program is different from other debt relief programs. Debt settlement works to eliminate debt amounts through a negotiation process. In this program a professionally trained debt settlement expert works to negotiate debts with creditors on behalf of the consumer.

Debt settlement is different from other programs due in part to its process and its results. When completed a debtor winds up paying only half of the original amount owed. Credit card debts and other unsecured debts will be $0 in just 24-36 months.

In recent months the debt settlement industry has been under fire from both the media and the US government. Despite the success of legitimate debt settlement firms, the popularity of debt settlement has caused more fraudulent companies to appear. This is not to say the program does not work. Consumers should show caution when choosing any debt relief alternative. Debt settlement firms allow consumers to speak with them about their situation for free. This will give consumers a chance to learn more about the program and decide if the program is right for them. Consumers should also ensure the firm has professional affiliations.

Total Debt Relief offers a free debt evaluation to see what debt relief program is best for the consumer at:

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