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Small Business Debt Relief - Federal Stimulus Dollars Can Provide Debt Relief For Small Businesses

Author: Erik Stump
Date: Jan 29, 2010 - 10:58:36 PM

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Small business debt relief has never been in such a high demand. This recession has been described as the worst since the Great Depression and many small businesses were left out of business and massively in debt. Instead of declaring bankruptcy, many small businesses are finding debt settlements to be a much more financially attractive decision. With debt settlements, you are able to eliminate up to 80% of your unsecured debt and avoid all the negative aspects that come along with bankruptcy. Major creditors of unsecured debt have been given federal stimulus dollars to help them cushion their losses expected with debt settlements. This has made them much more flexible in debt negotiation and the conditions have never been so favorable for debt settlements as a result.

Small business debt relief is available and before you decide to declare bankruptcy it would behoove you to consider a debt settlement. The only negative aspect of debt settlements is that you will get a lower credit score. If a debt settlement company claims they can eliminate your debt and your credit score will not be effected they are lying and are probably not worth doing business with. While your credit score will be lowered, you will also be able to eliminate 60% of your unsecured debt on average. This is a trade-off that many consumers and small businesses are willing to take.

Small business debt relief through debt settlements have never been so popular. This is mainly because there are more people currently in debt than anytime in history. Also, a major factor is the financial stimulus bills that were passed by the Obama administration. Much of this stimulus money was given to large financial institutions but is now indirectly being used for small business debt relief. If you are over $10,000 in unsecured debt it would behoove you to talk with a debt settlement company but you need to know where to located the top performing companies in order to get the most favorable settlement.

If you want to get out of debt and hire a debt settlement company for debt negotiation then I have an important piece of advice. Do Not go directly to a particular debt settlement company but rather first go to a debt relief network who is affiliated with several legitimate debt companies. In order to be in the debt relief network, the debt settlement companies must prove a track record of successfully negotiating and eliminating debt. They must also pass an ethical standards test. Going through a debt relief network will ensure that the debt company you are provided with is a legitimate and respected company. This is the most efficient way in finding the best debt settlement companies and increasing your chances of eliminating your debt.

FreeDebtSettlementAdvice.com is one of the largest and most respected debt relief networks on the marketplace today. To find a debt settlement company through FreeDebtSettlementAdvice.com check out the following link:

Free Debt Advice (http://www. debtreliefemergency.com/)

View all articles by Erik Stump

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