President Obama's Credit Card Debt Relief Program is pure fiction!

When you awake more than a few minutes to spend today, you will see or hear many claims about credit debt relief programs of the U.S. government. Many government even looking seals or blatant claims of President Obama endorsed some program to pay your credit card bills for you. 

They will hand you over to avoid paying 40% -60% of invoices to tell. They will say, you can be completely out of debt in 12-36 months. It is not true. 

Nothing could be further from the truth. Please listen to this. Any reference of any company to a credit card debt relief program is a lie. Pure fiction. 

I understand you feel overwhelmed by debt. There are ways to deal with it, but it is not a consumer debt bailout, none at all. The FBI agents rescued automobile manufacturers, insurance companies, banks and brokers. But do not you and I 

The U.S. government uses our money, our tax dollars to bailout these huge companies. They have no intention of bailout you and I 

There are 4 ways to pay off debts.

    Work hard, live hand to mouth, which can be a very uncomfortable time until everything is paid. This is the traditional method from month to month. It works until you unemployed, retired or are disabled. 

    Debt settlement is a total fraud. A recent U.S. Senate hearing was Sen. Jay Rockefeller said he did not know how a representative of the industry could not sleep at night. Legal action against these companies is increasing. 

    Bankruptcy comes in two flavors. Chapter 7 and Chapter 13 Both are ugly, but have appropriate applications. It's not the end of the world if you are really buried in debt with no way out. If an attorney in your state who specializes in bankruptcy. An attorney who specializes in bankruptcy finely tuned their skills and knowledge in this very complex area. 

    If you are mostly unsecured debt, credit card debt, etc. If you can make payments issues, but things are just too tight. A debt management program may be a better solution. 

  •         Your credit is not damaged, it will improve as you make timely payments to your DMP.
  •         Your interest is greatly reduced.
  •         Your debt will fall much faster.
  •         You do not need to hold all your accounts in the program.
  •         There are no late fees or over limit fees
  •         Fees for the program are insignificant to your savings.
  •         If your savings are not impressive, you do not need a debt management program....

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