SOURCE: Total Debt Relief

December 20, 2010 15:00 ET

Government's Role for Personal Credit Card Debt

Sometimes There Is a Misconception Regarding the United States' Involvement in Reducing Citizen's Debt; Total Debt Relief Tells Where to Find Real Credit Card Debt Relief Options

LOS ANGELES CA--(Marketwire - December 20, 2010) - Certain consumers have the idea that the US government has program designed for aiding Americans in debt relief. Consumers should know that presently the US Government does not give out money that is designated for citizens eliminating personal debts. While big companies were given billions of dollars in aid for their massive deficits, consumers do not receive the same benefits.

Debt relief grants are thought by many Americans to be free money they can use for their debt troubles. As a general rule of thumb, No consumer should keep believe there is such thing as "free money." Instead, think of professional credit card debt elimination services that do exist and help Americans get out of debt and not pay the total amount due and without declaring bankruptcy, but do charge for services rendered. You pay for what you get and generally paying nothing will get you nothing.

Debt settlement is an alternative debt elimination service 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 operations remain the same, settlement agencies speak with various creditors and debt collectors representing the debtors who owe them money. They try to negotiate the amount of debt outstanding and plan a structured payment schedule, so a consumer erases debt as quickly as possible. Debt negotiation is for consumers with unsecured debts that add around 10 thousand dollars or more. Credit card debt is one of the most common forms of debt to be negotiated by a settlement company.

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

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    Total Debt Relief