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Ifyou are faced with huge credit card bills and other loans, you need notconsider bankruptcy as the only alternative. Now you can legally reduceand eliminate credit card bills. This is because the card companiesrealize that if they force debtors to pay money which they do not have,the debtors will be forced to file for bankruptcy. Credit card loansare unsecured loans and there will be no way for the creditors torecover their money if the debtor files for bankruptcy. On the otherhand a debt settlement program allows them to recover at least some oftheir money.Debtorscan either negotiate with the creditors themselves or hire a debtsettlement company to settle their debts. The card companies assesstheir actual paying capacity and negotiate the amount payable. Thedebtors can usually settle the loan for an amount which is much lessthan the original amount payable. Moreover, they have the choice toeither pay this amount as a lump sum or in easy monthly installments.The debtors can also request the card company to waive off their nonpayment and late payment penalties. The card companies also waive offthe interest charged on the settlement amount payable. Moreover, theyre-age the account so that it does not show delinquent.Itis very possible to eliminate credit card bills in this market. Thisprocess of credit card debt settlement is completely legal. The creditcard company agrees to ignore the legal agreement signed by the debtorat the time of giving the loan and enters into a new one. The creditcard company also provides the debtors with a full and final settlementletter. This letter states that the debtor does not owe the creditorsanything once the settlement amount has been paid. In this way thedebtors can get rid of card debts legally.Eliminatingcredit card bills through a debt settlement process is currently verypopular but you need to know where to locate the best performingprograms in order to get the best deals. To compare debt settlementcompanies it would be wise to visit a free debt relief network whichwill locate the best performing companies in your area for free.Free Debt Advice(http://www.freedebtsettlementadvice.com)

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