Are you suffering from massive, unpaid Credit Card Debt? How about having your debt reduced by half? Does it sound relieving? Continue reading. There have been many people who have not been able to take advantage of getting their debts lowered because they do not have the cash to settle. However, if you do, many companies will now settle with you at a fraction of what you should pay them.

Well to start off with your rights. You should be well aware that even if you have a ton of debt on you no one can hound you or pressurize you to give it back. That is against your right to the pursuit of happiness. No one is to bully you or extort money out of you because that goes against you rights.

Initially it was aimed at saving the auto industry but you also qualify. The threshold for qualifying is if you have a debt in excess of $10,000.

There is a catch however. For you to benefit from the bailout package your debt has to unsecured. What this means is that there should be no way you could pay your debt. If that’s done then there is no problem in availing this package. How much does it help? Well, it could reduce your debt to a manageable level or remove it entirely. If this program does not help you then there are a couple of other programs that you could look into. And perhaps another article on that other option!

So, now you have been informed about the two programs. To get further information contact your local finance office and get hold of a government agent. If your case does not fit in to the qualification then you can look for other programs. There are also quite a few not for profit companies that also can help you with getting your debts managed. There is no reason to go through life with a lot of debt when there is help out there for you.

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