America is in Desperate Need of Consumer Debt Relief!

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There have been a number of things over past couple of years that have led up to this point we here in America are at financially.  You can almost say its sort of a domino effect.   We have seen a number of large financial companies either fold or ask our government for a bailout.  The people who are feeling these rough times the most are your average American consumers like you and me.  We are all left wondering how did this happen and how can I help myself get out of the hole financially.  This situation has left countless amounts of people losing their homes and stuck deep in credit card debt.

It all started with the mortgage industry back around five years ago.  The mortgage companies were giving out mortgages like candy, especially to people who truly could not afford them.  They are called sub-prime mortgages, because the people obtaining the loans are not prime candidates.  Usually these loans come with an adjustable rate.  Anyone who obtained these loans during that time can attest to just how dreadful an adjustable rate could end up being.   However the people are not to blame it is the brokers who knowingly gave the loans to these people and knew that the payments would go up and they would not be able to pay at that point.  Consequently millions of mortgages were given out that should not have been all because of the greed of the brokers just trying to make a buck.

Fast forward a few years and we are now experiencing a meltdown in the mortgage industry with a record high number in foreclosures and millions of people losing their homes.  This one blunder in this one financial market set off a wildfire.  Now big banks are folding, car companies are asking for bailouts, huge investment firms are going under, credit card debt is at an all time high.  You could say we are going through a recession and borderline going into a depression. 

Well for many people there are things that cannot be helped such as keeping their homes that are getting foreclosed upon.  But there is one aspect of people's financial world that can be helped no matter what and that is bad credit card debt.  Perhaps these people would be able to afford their higher mortgage payments if they could save on their credit card bills.  So how do you save money on your credit card bills?

There are a number of methods available for consumer debt relief on credit cards, but only one stands out as a method to save you time and help you rapidly get out of debt, and its not bankruptcy!  This method of debt relief is called debt settlement or otherwise known as debt negotiation.  Someone in debt can expect to save close to half of what they owe the creditors right now and look to become debt free in just a few years.  Usually the monthly payments will be drastically lower than what people are putting out for their monthly minimum payments; thus allowing these debtors to possibly cover the new mortgage payment while still getting out of credit card debt. 

If you are interested in seeing if debt settlement can be a workable consumer debt relief option for you then click the link and fill out an application requesting more information and either me or one of my debt analysts will contact you and see if debt settlement is appropriate for your financial situation.

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