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
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