1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

The Credit Card Relief Act- What is The Debt Relief Act?

What is now known as the Debt relief act, is helping get man Americans out of debt.

 
PRLog - Aug. 14, 2010 - Are you an American in credit card debt? Over $10,000? Well, this article is for you! Keep reading to find out more. Because of the incline of unemployement and the constant rise of interest fees, American have looks to what is known as the credit card relief act for help, this is simple the ability for you to erase 50%-60% of your past due debt if you owe atleast $10,000.

Fact: The average American family now almost carries an average of $10,000 in CC debt. The debt relief act of 2007 helped to stop some of this, but not all. Obama has also been working on getting tighten reigns on creditors. Now this program has been coined a new name, the Obama debt relief act, because of his bailout of the credit and automotive industry.

Financial institutions are now reducing the credit card debt for most people. The problem is that most people have over $10,000 in debt, so it’s still quite a lot of money owed, even when it’s halved. Here’s a few facts about debt:

Fact: If you have $10,000 in credit card debt, it will take you your entire lifetime to pay it off fully. Fortunately, what is know and the "credit card relief act" and "debt relief act" by private companies that help erase consumer debt in the USA.

Fact: One thing most people don’t know is that credit card companies intentionally work to keep their users in debt. Cards are made to where you can’t ever pay off the debt when making minimum payments.

Fact: The Obama credit card changes are working to help the average American to get out of debt by putting tighter reigns on your creditors.

Fact: It’s not unusual to see an American with $20,000 in credit card debt. Much of this was due to overdraft fees and many other penalties. This is why Obama’s new credit card bill was passed.

To help people like you to get out of debt, and stay out of debt! Now that you know these things, the next step would be to try to get out of debt as fast as possible! The Obama credit card reform bill does not bail you out, but there are many private companies that can help you get out of debt so you can stop paying high interest fees!

**
http://eliminate-your-credit-card-debt.com

You can now legally and ethically reduce credit debt. There is no reason to stay in debt when you do not have to be.

Take advantage of your rights to consolidate your debts!

--- End ---

Click to Share

Contact Email:
***@eliminate-your-credit-card-debt.com Email Verified
Source:John Sumners
Industry:Credit
Tags:debt relief act, obama debt, relief act, credit relief act, debt relief
Last Updated:Sep 24, 2013
Shortcut:prlog.org/10860370
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share