Debt relief

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It isn't hard to get into debt way beyond your means to repay that debt. The credit card companies have been engaging in handing out credit cards with high limits to people who don't have and will likely never have the means to pay those credit cards off. Unexpected financial reversals can also be responsible for people getting too far into debt. An unplanned pregnancy, a job loss, an accident, or an illness can all force people too far into debt.

For whatever reason, when a person is too deeply in debt, their lives become miserable. Some have described the situation as "a living hell." They can't answer their phones or a knock on their door. Their mailboxes are full of second, third, and final notices, and there is no relief in sight.

A person in this situation needs some emergency debt relief. But the person must not misunderstand what emergency debt relief can do for them. The debt is not going to be erased. The money will still be owed. An agreement will be reached that will stop the harassing phone calls and the knocks on the door, but the debt will still be the obligation of the person who is in financial trouble. The repayment plan will at least be possible. An emergency debt relief program can do a lot of things, but erasing debt isn't one of them.

There are hundreds, maybe hundreds of thousands of emergency debt relief companies in the world today. These companies do not make loans. They simply negotiate with creditors (credit card companies and other unsecured debt holders like doctors and dentists) to lower or eliminate the interest and work out a repayment schedule that the debtor can live with. Most of these emergency debt relief companies only deal with unsecured debt.