SOURCE: Total Debt Relief

July 07, 2010 14:00 ET

Credit Card Debt Bailout: Debt Relief Is Now Available to Consumers Who Need It Most

SAN DIEGO, CA--(Marketwire - July 7, 2010) -  Many Americans struggling with credit card debt are now finding a credit card bailout. Total Debt Relief reveals where to find it.

In today's economy credit card debt is becoming an everyday problem that is beginning to take over hard working Americans. In these tough economic times some begin to wonder if there is some sort of credit card bailout that can eliminate their credit card debt. This is no surprise considering as of last November in 2009 36% of consumer debt was credit card debt.

Consumers should know that there is no such thing as a Federal debt relief program. In most cases any company or website that has the term "Federal Debt Relief" or "Government Debt Relief" in the name is probably not affiliated with the government and in some situations fraudulent. A good rule of thumb is to make sure the web address ends with .gov as opposed to .com or .net. Currently there are no Government affiliated consumer credit card debt relief bailouts available to consumers.

However, there are private programs available offering a credit card debt bailout.

This service is known as debt settlement and is a legal debt relief alternative to bankruptcy. Debt settlement is a unique debt relief program where a debt settlement specialist will work with borrower's creditors in order to negotiate and eliminate debts. When successful this program can erase up to 50% of a consumers credit card debt and other unsecured debts. The length of the program varies depending on the individual's situation, but in most cases debt settlement can take 24 to 36 months and after the program is complete. After the program is finished a consumer will be debt free.

Consumers can benefit from talking to a debt negotiation specialist and learn more about their services. Total Debt Relief offers a free debt evaluation at their company website.

Contact Information

  • Contact:
    Rob Jones