President Obama's Credit Card Debt Relief Program is Pure Fiction!

By Joan Young

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

They will tell you about not having to pay 40%-60% of your bills. 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 hear this. Any reference by any company to a credit card debt relief program is a lie. Pure fiction.

I really do understand you are feeling overwhelmed by debt. There are ways to deal with it, but there is not a consumer debt bailout program, none at all. The feds bailed out auto manufacturers, insurance companies, banks and brokerages. But not you and I.

The US Government used our money, our tax money to bailout these huge companies. They don't have any intention to bailout you and I.

There are 4 ways to pay off debt.


Work hard, live hand to mouth for what may be a very uncomfortable time till it is all paid off. This is the traditional month to month method. It works until you are unemployed, retired or disabled.
Debt Settlement is a total scam. A recent US Senate hearing had Senator Jay Rockefeller saying he did not know how a representative of the industry could 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 is not the end of the world, if you are buried in debt truly with no way out. See an attorney in your state that specializes in bankruptcy. An attorney that specializes in bankruptcy has fine tuned their skills and knowledge in this very complex field.
If you issues are mostly unsecured debt, credit card debt etc. If you can make payments but things are just too tight. A debt management program maybe a better solution.

Your credit is not damaged, It will improve as you make timely payments to your DMP.
Your interest rates are reduced substantially.
your debt will come down much faster.
You do not need to include 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 don't need a debt management program.


Hope that helps a little.

For more information contact us at http://www.debtsynergy.com or 800-810-5250

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