Debt Settlements - How Obama"s Financial Stimulus Money Has Made Debt Settlements Attractive
Debt settlements have seen a significant increase in documented cases over the past 6 months.
The recession has put more people massively in debt than any other time in history.
Not only are there more people in debt but there is also billions of stimulus dollars circulating around the credit markets.
This stimulus money was granted mostly to large financial institutions many of which originate consumers' credit lines.
These large creditors are now using this stimulus money to offset their already budgeted losses they are taking through debt settlements.
Consumers who are at least $10,000 in unsecured debt are receiving very generous settlements as a result of this.
This article will teach consumers how to get the most favorable settlement and take advantage of the stimulus money before it runs out.
This is a very interesting point in our economy.
The United States has never seen this kind of brisk and massive financial intervention by our federal government.
Only about half of stimulus money has been spent thus far and the other half is still sitting in the federal reserve until they deem it appropriate to release.
The half that has been spent has been given mostly to large financial institutions but the money has now trickled down to a consumer level.
Creditors of unsecured debt are using stimulus money for debt settlements and it would be wise to capitalize on this and try to settle you debt while the money is still in circulation.
Debt settlements do not go without consequence however they are clearly a better alternative than bankruptcy.
Bankruptcy typically takes 7 years to recover from while debt settlements take generally 1-2 years.
If you are willing to accept a lower credit score to eliminate up to 70% of your unsecured debt then a debt settlement can be a wise financial decision.
The recession has put more people massively in debt than any other time in history.
Not only are there more people in debt but there is also billions of stimulus dollars circulating around the credit markets.
This stimulus money was granted mostly to large financial institutions many of which originate consumers' credit lines.
These large creditors are now using this stimulus money to offset their already budgeted losses they are taking through debt settlements.
Consumers who are at least $10,000 in unsecured debt are receiving very generous settlements as a result of this.
This article will teach consumers how to get the most favorable settlement and take advantage of the stimulus money before it runs out.
This is a very interesting point in our economy.
The United States has never seen this kind of brisk and massive financial intervention by our federal government.
Only about half of stimulus money has been spent thus far and the other half is still sitting in the federal reserve until they deem it appropriate to release.
The half that has been spent has been given mostly to large financial institutions but the money has now trickled down to a consumer level.
Creditors of unsecured debt are using stimulus money for debt settlements and it would be wise to capitalize on this and try to settle you debt while the money is still in circulation.
Debt settlements do not go without consequence however they are clearly a better alternative than bankruptcy.
Bankruptcy typically takes 7 years to recover from while debt settlements take generally 1-2 years.
If you are willing to accept a lower credit score to eliminate up to 70% of your unsecured debt then a debt settlement can be a wise financial decision.
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