SOURCE: Total Debt Relief

November 29, 2010 17:15 ET

Credit Card Debt Relief Grants and Real Debt Relief Options

There Tends to Be a Misunderstanding When It Comes to the Government's Role in Lowering Consumer Debt; Total Debt Relief Explains Where to Find Real Credit Card Debt Relief Options

LOS ANGELES CA--(Marketwire - November 29, 2010) - Some consumers are under the false belief that government has a grant specifically made for helping consumers achieve debt relief. Let it be known that currently the government does not provide a grant that is designated for consumers lowering personal debts. While big corporations receive billions of dollars in aid for their outstanding debts, consumers do not receive the same benefits.

The term debt relief grants is searched an estimated 6,600 times a month. While it would be great for such grants to exist they don't. However, professional credit card debt relief programs do exist and help consumers get out of debt without paying the full amount due and without declaring bankruptcy. Bankruptcy is the most popular choice for debt relief, but qualifications for bankruptcy are stricter in recent times and in some cases the debts owed aren't fully eliminated.

Debt settlement is an alternative debt relief program to bankruptcy. Debt settlement laws and regulations have changed recently due to a rise in fraudulent practices, making the industry as a whole more trustworthy.

The process itself is still the same, settlement companies speak with various creditors and collectors on behalf of the consumers who owe them money. They aim to negotiate the amount of debt owed and work out an organized payment plan, so a consumer can get out of debt as soon as possible.

The program is for consumers with unsecured debts that add up to $10 thousand or more. The program is heavily recommended to those suffering with credit card debt.

For those interested in learning more about debt settlement and if they qualify total debt relief offers a free consultation at their company website:

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    Total Debt Relief