Federal Government Debt Relief Programs – Are They Real?

Oct. 22, 2010 - PRLog -- Did you know that almost 90% or more of bankruptcies are a result of bad debt hat is owed to credit companies
Because of this, many have search for a federal loan consolidation program however, since our creditors have already been bailed out by the grants from the government, we can have a personal "bailout" too, not to be confused with what the government did for credit companies.
Fact: Your creditor is hoping you charge more and more and only make your minimum payment, this way, they can keep you in debt for your entire life. This is why US legislation has had to step in a regulate credit companies.
In getting what consumers are calling a personal debt bailout, many people have had their credit card debts drastically reduced.
Did you know that your creditors "job" is to put you in debt?
This is many are asking about government debt relief programs, because they are sick and tired of paying high interest fees. In fact, many of American families have over $20,000 in debt! When the United States government gets debt relief programs, there will be many standing in line.
However, now, you have and legal and ethical rights to not only get out of debt, but to stay out of debt and get out what has been called, "the debtor's cycle". So, if you have been searching for federal government debt relief programs or even a national debt consolidation program, know that you can ethically and legally reduce the amount of debt you owe right now with non governmental private companies that have eliminated $1,000,000's of dollars in consumer debt.
Remember, it is much easier to eliminate a portion of our credit card debt rather than try to get a federal loan consolidation where you just shift your debt from one creditor to another.
Take advantage of your rights as a US citizen.
Free Debt Advice
(http://www.defeatdebts.com)

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To speak with a debt relief specialist for a free debt consultation check out the following link. They will provide a free and unbiased evaluation of your financial situation to determine what the best debt relief option is.
Free Debt Advice
(http://www.defeatdebts.com)
Or Call - 877-853-6466