Get Out of Debt - The Best Advice to Get Out of Debt in 2010

May 9, 2010 - PRLog -- If you are desperately trying to get out of debt, particularly if you owe money to your credit card company, this is the year to do it.

In fact, conditions are extremely favorable this year for those wanting to shed their financial burden and be ready to start afresh. This is mostly because the Obama administration has come down firmly on the side of the consumer against the likes of credit card companies and banks.

Financial institutions are not looked upon favorably by the government, especially as they had to be bailed out financially during the recession costing the taxpayer billions. This has meant you should seriously start thinking to get out of debt in 2010 as credit card companies now have to listen to consumers.

Questions are being asked about high and abnormal interest rates and the mysterious fees and charges that come with every credit card bill so these companies are now clearly on the defensive. The sooner you start thinking of how to get out of debt the better as doing so could save you vast sums of money and you can thumb your nose at the credit card company at the same time.

Favorable conditions

It is almost an unwritten rule that in exchange for the federal bailout, the likes of credit card companies now have to look at the consumer interest to make up for their past sins. Millions of Americans have gone into bankruptcy simply because they could not pay the exorbitant amounts due. They may have been able to pay back the principal but the addition of high interest, fees and charges made it impossible for them to keep their heads above water forcing them to go in for insolvency.

This year could be a watershed for consumers. President Obama has gone so far as to say the credit card firms have held sway for long and now they are to be held accountable, a clear statement in favor of consumers who have been held hostage by their monthly bills.

So instead of sitting and thinking about how to sort out your financial troubles, the time to act is now. Wasting time thinking about it could mean the moment has passed and you may have to look at a drastic course of action such as going in for bankruptcy.

Debt settlement companies are widely available in just about every state however some are just flat out more experienced than others in debt negotiation. That's why it's so important for consumers to use debt relief networks. These networks qualify and only accept the best performing debt settlement companies.

# # #

FreeDebtSettlementSolutions is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt settlement companies who are most likely to get consumers the best deal.

http://www.freedebtsettlementsolutions.com
contact us for free debt advice = 8886916918