subject: Eliminating Unsecured Debt - How Stimulus Money From The Recession Can Help You Settle Your Debt [print this page] Since taking office, President Obama has enacted so many stimulus packages and relief packages it is no surprise that no one can keep track of all the ways the government aid packages can help the public. TARP funds and stimulus money went to banks and major corporations. These funds were no just to get the banks out of trouble it was to stimulate lending and helping the economy and the taxpayer.
Individual consumers never saw much help from all this money being spent, but the banks and major businesses in the US seem to turn from bankruptcy to profitability overnight. Many of the banks have even repaid most of the TARP funds.
The companies that received these funds, are required to give regular report about usage of the funds from the programs. Each grants, loan, aid package all had requirements. One major requirement was to free up money and lending to help consumers. These fundings required that banks and financial institutions to help taxpayers are in debt. These requirements included mortgages, loans and credit card debt.
The funds were provided to stimulate the economy and this can not happen with people upside down in debt.
The financial institutions have found that by accepting debt negotiations on unsecured debt such as credit cards that they can fullfil their requirements and also receive tax breaks. These benefits have increase the banks interest Debt Settlement thus prompting the banks to be more negotiable in settling these debts.
Debt Settlement has now become the accepted means of negotiating unpaid unsecured debt. Allowing credit card holder to benefit from these programs and reduce their debt.
Debt Consolidation is another way to take advantage of the government stimulus money. With more money freed up by the banks to lend the more they need to lend to consumers in debt. This helps with their requirements and also help you to incorporate all your debts into one loan at a much lower interest rate.
Regardless of the route you choose, the government funds, stimulus and new relief programs will help you.
Debt settlement is a viable option to filing bankruptcy and is becoming increasingly popular amongst Americans with over $10k in unsecured debt. Creditors are ready to negotiate. You can literally eliminate 50% of your unsecured debt with a settlement. Check out the following link to locate legitimate debt help in your state.
Eliminating Unsecured Debt - How Stimulus Money From The Recession Can Help You Settle Your Debt
By: Burgess Arnold
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