Federal Credit Card Debt Relief        


Welcome to Federal Credit Card Debt Relief, the website that provides useful information regarding the real questions regarding Credit Card bill relief and other forms of liability relief that the Federal Government may be able to help or provide you with.  The first thing we all need to remember is that nothing is free and you will usually find 'strings' attached to most items and situations dealing with credit relief or debt relief.

We have seen a large increase in the number of people that are today looking for Debt Relief, either from credit card debt or student loans and other financial obligations that people have taken on.  The economy has hit a hard spot and there seems to be more people today needing some type of help or guidance when it comes to Credit Card Debt Relief.  There are many people that can and will be able to obtain some type of help if they owe a certain amount of money or if they have lost jobs and have had other economic events that have impacted their lives.  The Federal Government has programs available and other information to help you find legitimate programs and credit counselingcenters to help you with managing your debt and you may want to look here for Credit Counseling & Debtor Education programs.

It does not help the credit card companies for you to charge up large balances and then not pay anything.  You will find that most of the credit card companies want to work with you somehow.  They feel that you need to be upfront and honest with them and then try to negotiate a fair deal for both you and the credit card company for any debt relief, interest reduction or principal reductions from your outstanding credit card balances owed.

Unfortunately, many people have seen ads on TV or heard them on the radio or saw them online about eliminating your credit card debt or reducing it.  Well, some of what you hear is true and some may not be accurate.  There are some outstanding companies that may be able to help you when it comes time to a Debt Settlement or Debt Negotiations.  Then again, there are those that prey on the unfortunate and ask for upfront fees and monies that should not be paid to anyone.

When you find the perfect company that offers you what sounds like a real deal then you may want to proceed to the next step.  It is not a good idea to send money to any middle men that say they will find or arrange a meeting with a third party to help you get any type of Federal Credit Card Debt Relief or student loan relief.  There are many different ways to check and see if the company you have contacted is shooting square with you.  First, check to find out if they have any good or bad feedback online.  Most people that get burned with these type of companies find forums or places to post any negative thoughts or experiences.

It is much harder today to file bankruptcy than it was before the Bankruptcy laws were changed a few years ago.  Now, you will be obligated for your debts if the courts feel that you can or could pay your bills over a length of time, say five years.  So, the last thing you want to think about for a minor credit card balance due is filing Bankruptcy because this filing will affect your credit history and credit reports for at least seven years and possibly up to ten years of bad credit on your reports.  It is sometimes easier to just negotiate with your credit card company and take a long payout because that is what could happen in filing Bankruptcy.

If you are thinking that there is an office of the Federal Government waiting to send you a check to payoff your credit cards, well, that is not the case.  Many people want to believe the government will help the population that has gotten into trouble, but, the real fact is the government will only help the fat cats on Wall Street, not main street, and big business in this country.  As harsh as that statement is, the facts support what we just said.  There is no program that can really help the average citizen, but, if a big bank gambles with billions of taxpayers dollars, well, you get the idea.  Our government is a revolving door for Wall Street both before and after their government jobs are over.  You can find additional information that our government feels is worthwhile for consumer debts at this site, Federal Trade Commission.

Some of the best places for you to think about when it comes to Debt Relief is both family or friends.  It is not fun to ask a family member for money and it can be real humbling when you ask, but, if you do not ask, you will never know if they will say YES.   Depending on your relationship with your friends or family will usually have a large impact on whether they may help you out or not.  If the money amount is reasonable and the chances are good that they will be paid back over a period of time, you may be able to get the debt help and debt relief you need by staying in your own circle of friends and family.

Then again, we all know that some of our friends and family would not be very helpful if we got into trouble, so, think outside of your box for new alternatives to your debt relief goals.  The one thing that is helpful when thinking about how to handle your debts is that your creditors want to get you talking and paying them something.  If you have ignored them, call them.  If you have the chance, pick up the phone and call the credit card company and explain your situation and what you may be able to pay and when.  The credit card companies want you to pay something because if they can work with you it saves them quite a bit on legal and collection bills.  If they do not work with you have you really lost anything?  No because you still owe them the money and you do have other options through Debt Relief companies and firms.









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