Credit Card Debt Forgiveness

What exactly is "Obama debt forgiveness" and what does the credit card debt forgiveness act really mean?


Many people are under the notion that they can just submit their credit bill to the US Treasury and they will get credit card debt forgiveness, but this program does not work like this. In fact this article was written to help clear up any confusion with "Obama and debt forgiveness" and how you can get your debts erased.

In browsing forums we have seen quite a few questions such as:


1. What is the credit card debt forgiveness act?

2. What are sample letters requesting credit card forgiveness?

3. What is credit card discharge?

4. What are Obama's laws on credit card debt forgiveness?

5. Settling credit debt without destroying credit, is it real?

6. Can I erase my credit debt by 50-60%?

How to Get a Credit Card Settlement

Obama debt forgiveness has been spoken about since our President "forgave" debts that were incurred by major corporations that were lending money to the American public. Credit card debt forgiveness is what these creditors experienced in the sense that a majority of their debts were forgiven.


In fact billions of dollars of debt was wiped away in one day.
Now, this "charge card forgiveness" is a benefit to the American public.


In fact, all of the questions listed above are answered in two words: The credit debt stimulus package. This high influx of money is what caused many of our banks and lending institutions to stay in business. It is a sad fact that credit keeps our economy alive but it is true. So how do you take advantage of the Obama credit card debt forgiveness package? Do you need to call the government? No. In fact it is much easier than that.

Debt Settlement Firms Vs Credit Card Companies

Many companies now give away free information that let you know how much you can get erased. There is only one criteria, you must have at least $10,000 in outstanding balances.So, can you really erase your debts by 50-60% or more with the "Obama forgiveness plan?" Yes, but you need to get a hold of the right information that can help you finally understand the benefit that this influx of funding has caused.


Do not fall for a company trying to charge you an upfront fee to read and listen to free information. There are enough reputable companies out there that will let you know how much you can get erased and give you this free information. Many times it takes less than a few seconds to get on the road to find out exactly how much you can erase from your credit report.