Obama Debt Relief

by: admin Tuesday, November 24th, 2009

The Obama administration continues to push forward mortgage bailouts and debt relief programs for consumers who have been riddled with credit card debt. If you turn on your radio when in the car you will likely hear debt settlement commercials touting solutions. Credit cards are known as “toxic debts.” This means they are depleting your savings and they are major burden on your wallet. Most people are willing to pay potentially several hundreds of thousands of dollars for the purpose of keeping their credit cards available while maintaining good credit scores. Savvy consumers are trying to get “out” of debt rather than continuing to pay their credit card interest.

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