Debt
settlements have never been so popular largely as a result of Obama's
stimulus money that went into circulation about 6 months ago. It might
have taken 6 months to realize but it is now clear that the stimulus
dollars are making in easier for consumers to get out of debt.
Documented debt settlements have increased significantly since the
passage of the financial stimulus bills. Creditors are using this money
to mitigate their losses they are incurring with debt settlements and
therefore have much more flexibility when negotiating debt. If you have
at least $10,000 in unsecured debt it would financially behoove you to
hire a debt settlement company who can significantly increase you
leverage with creditors.
When
Obama passed the financial stimulus packages there was an outrage by
many consumers that the money was only bailing out large financial
institutions and leaving Main Street to fend for themselves. Well this
argument has lost some validity as it is becoming quite clear that
consumers are reaping the benefits as well. Debt settlements which
eliminated 30% of consumers' debt were being negotiated just a year ago
and after the financial stimulus bills were passed the average soared
to around 50%. This might seem too good to be true but is in fact a
reality. On average consumers are eliminating 50% of their unsecured
debt and cases in the 70-80% range are not at all uncommon in this
market.
Creditors
are very worried about increasing default rates which are currently
rising at alarming levels. They are being forced to agree to very
generous debt settlements not because they want to but because they
would rather collect a small percentage of money than none at all. Debt
settlement companies definitely control the leverage in this market and
if you are over $10,000 in unsecured debt it almost always makes
financial sense to hire one but you need to know where to look.
If
you want to get out of debt and hire a debt settlement company for debt
negotiation then I have an important piece of advice. Do Not go
directly to a particular debt settlement company but rather first go to
a debt relief network who is affiliated with several legitimate debt
companies. In order to be in the debt relief network, the debt
settlement companies must prove a track record of successfully
negotiating and eliminating debt. They must also pass an ethical
standards test. Going through a debt relief network will ensure that
the debt company you are provided with is a legitimate and respected
company. This is the most efficient way in finding the best debt
settlement companies and increasing your chances of eliminating your
debt.
FreeDebtSettlementAdvice.com
is one of the largest and most respected debt relief networks on the
marketplace today. To find a debt settlement company through
FreeDebtSettlementAdvice.com check out the following link:
Free Debt Advice(http://www.freedebtsettlementadvice.com)
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