Debt Settlement Programs - How New Laws Make It Easier To Settle Bills With Debt Settlement

Online, November 22, 2010 (Newswire.com) - Debt settlement programs used to be a very risky option for consumers seeking debt relief. Not anymore. New federal laws passed in October of 2010 have made the debt settlement process much less risky and an overall better option for consumers in need of financial debt relief.

Now when consumers enter a debt settlement program they will not have to pay a dime until their debts actually settle. Before this federal legislation was passed it was far too easy for shady debt relief companies to rip off their clients. Many companies were in business just to collect upfront fees. They would promise to cut their client's unsecured debt balances in half but in reality they were doing nothing. Their so called "expert" negotiators were not really negotiating with the creditors they were simply sitting back and collecting fees. This is not possible anymore. If they don't perform you don't pay a penny.

These new federal laws take the risk away from the consumers and place it on the debt relief companies. If they don't negotiate a successful settlement deal then they don't get paid. The legitimate debt settlement companies that have a proven track record in making successful debt negotiation deals will have no problem collecting their fees on the back end. They know that the debt settlement process does work when done in the right way.

You must be experiencing a legitimate financial hardship and have at least $10,000 in unsecured debt to be eligible for most settlement programs. Thanks to these new laws it has made it a much less risky option and overall better way to get financial debt relief.

Getting out of debt through a debt settlement process is currently very popular but you need to know where to locate the best performing programs in order to get the best deals. To compare debt settlement companies it would be wise to visit a Free Debt Relief Network which will locate the best performing companies in your area for free. They have financial specialist that will be able to go over all your debt relief options and offer you their non-biased assessment on what option makes the most financial sense for your situation.

Check out the following link to speak with a debt relief specialist that can go over all your options for free:

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