You may have seen some advertisements or articles on the internet that mention the Obama credit card debt relief bill. Beware, because that there is no such thing as the Obama credit card debt relief bill. Indeed many of the claims attached to such a bill are wide off the mark and are only being used as a way to hook the gullible reader into signing up with a credit card debt settlement program. Amongst the many wilder claims being made is the statement that a credit debt relief company can only charge you if they manage to reduce your debts by more than 35%. Some of these companies even claim that the government is going to personally underwrite up to $10,000 off your debts.

Now days relief firms have become very popular, so there are many fraud companies evolving in the market which are trapping people by fooling them with their attractive websites, telling them unbelievable offers and once a person is caught in their trap, they engulf all of his money and leave him in a much worse situation. If you want to hire a legitimate firm you should contact with the relief networks. They have lists of different debt relief firms which are working for the benefit of people.

Their basic aim is to provide the consumers with right information regarding debt relief so that they can be safe from the clutches of fraud companies. So to find the best results you should first visit a debt relief network.

Some names of the relief networks are Better Business Bureau and The Association of Settlement Companies. Their enlisted members pass through an ethical and standardize test to become a member. These networks keep a watch out on every member firm to see if they are working properly. They also provide ratings of different relief firms and show different consumer’s views who have appointed their member firms so that the consumers who are willing to hire any relief firm can get a clear picture.

Finding relief network is also easy; in this case you would not have any doubts like whether the network is real or not because there are just few networks and all of them are associated with the government. To contact a relief company, you can search it over the internet and get their websites; some names have been mentions above so look for over the internet and find the most authenticated information you are needed to become debt free.

While there are many great credit debt relief options out there, including debt settlement, it is up to you to do some research before getting a credit debt settlement company to make representations on your behalf. Also keep a keen eye on the credit debt relief process in order to make sure it moves smoothly. So forget about President Obama. When it comes to settling your debts you are on your own. However, thanks to the changes in the credit card debt law, as long as you take these tactical steps you can make great credit debt relief savings by signing up to a credit card debt settlement program.

Frank Miller has a Debt Consolidation Blog & Finance, these are some of the articles: Advantages Of Having A Gold IRA Rollover You have full permission to reprint this article provided this box is kept unchanged.