Friday, October 29, 2010

Debt Consolidation

Federal Debt Consolidation - A Real Debt Relief Solution?


Many consumers have turned to these companies for help in this recessed economy. There are federal debt consolidation programs that can help and may be a better option than a private company.

Aurora Lillo Editor of the "Best Debt Consolidation Services" website -- http://www.bestdebtconsolidationservices.net/ -- pointed out;


“...What the federal government offers is a debt consolidation loan that can provide consumers who have large amounts of debt a way to pay them off for a lower rate of interest. The negotiations with your creditors are done by the federal government who will work out a solution with creditors to get fees lowered or removed and provide you with an affordable payment option that is within your budget...”

This government option as a debt relief solution provides you with some security that you are dealing with a solid, legal organization. Allowing the government to handle your financial matters and deal with your creditors can relieve you of a lot of the burden of receiving harassing phone calls from bill collectors and threatening letters in the mail.

With a consolidation loan from the government you will be assured of a reasonable rate because they are not in it for the profit potential such as a private consolidation company is. They will deal fairly with you with consideration of your income and working out a reasonable and affordable plan for repayment.

Once you obtain the loan, the government will issue the payments to your creditors just like any other consolidation company. They will handle all matters with them and inform you of new developments and as they occur. The good thing about having this option is that you do not have to suffer alone. There is help out there; you just need to find the right resources to work with you.

You can contact the government agency through online resources or going to your local federal government office for assistance in signing up for this program. This is a viable debt relief option and consumers should take full advantage of it.

“...With all the recent bailouts of major corporations, the federal government is now concentrating on the consumers who power the businesses and helping them with a hand up out of their financial obligations and into a more financially stable situation. Overall, once consumer debt has decreased, this will help the economy tremendously as well as the individuals who need debt help. You can consult with a debt management specialist on what you need to qualify for the loan and how to go about the process of applying...” added A. Lillo.

Further information about trusted and reputable companies for debt consolidation by visiting; http://www.bestdebtconsolidationservices.net/

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