The financial world plays a big role in the economy. If less money circulates, the economy sinks and the country suffers economic collapse. If a major country gets affected like the US, the world economy is also affected.

Credit card and financial institutions have proven this and the US was the most damaged being the major source of global financial trade. However, there are programs given by card issuers or lenders to individuals facing bankruptcy. This is called the stimulus package and can help you to legally eliminate credit card debt.

As long as you do not receive any government assistance or you did not receive stimulus money, you can file for bankruptcy, but this is not he best solution.

You can convince the institutions that you really need the debt relief solution and you can either get grants to pay off your debts or you can consolidate or reschedule it to pay it off, depending on your situation.

They must also be convinced that you cannot pay the amount you currently owe and skipping repayments means financial difficulty. This will easily allow you to get a reduction and you can then change your payments and make them more affordable.

Instead of asking money from the government, the card issuers or lenders can offer assistance in the form of reduction. This way, people can pay their debts easily and there is no need to run away from lenders because of bankruptcy. Lenders have faced more than a million bankruptcies and it needs a different solution to keep finances under control.

The card lenders know that you can legally eliminate credit card debt just by telling them you cannot pay and they also know that you can get debt help and even reduce the amount you pay back. They operate on the basis that most people do not know this and continue to squeeze you for every cent you owe. you can avoid this happening to you.

This program will be active as long as the stimulus package is still available in the market. The card act does not allow credit card issuers to punish those who cannot pay on time by so called double and triple billing. Penalties like this have become a thing of the past. However, this program still requires a consent from the credit card issuer. It is important to have an agreement with the lenders so you can legally eliminate credit card debt.

If you are in credit card debt do not let it get worse until you cannot pay any bills. Take action and get rid of it now.