Prevent Bankruptcy/Stop Foreclosure - Obama's Average American Bailout is On the Way

After a presidential election that focussed on the economy and its impact on the American consumer, and after well over a trillon dollars spent on bailing out big employers and financial institutions, a new set of programs has just been announced that could provide help to you and your family if you are struggling under the weight of credit card debts or a bad mortgage.

The new bailout bill will have a significant impact on the economy, but it won't help you unless you take action.

• Do not wait for credit cards to take it easy on you. Credit card companies are reducing the amount of credit they offer even to those with perfect credit. Why? Because credit card companies are, themselves, insolvent. In fact, credit card companies have an incentive to make more people default on their credit cards through raising minimum payments, tacking on fees, and reducing credit limits. Why? Because banks got "no-strings-attached" bailouts from the government when mortgages began to collapse. Its likely they will get some sort of relief if the consumer credit market collapses as well. They can struggle hard to accomodate you, or they can tighten up credit and push for a bailout. Which do you think they are likely to do?
• Do not use credit cards to pay your mortgage. Credit cards are unsecured debt. It is all but impossible that you will lose your house because you can't pay credit cards.
• Do not draw against your home credit line to pay your credit cards. Credit cards are unsecured debt. Unsecured means unsecured.

Get professional help renegotiating your debt and structuring repayment. Professional services representing millions of customers are in the best position to know how the bailout for Average Americans signed into law by President Obama can help you. Credit Counseling, Loan Modification and Loan Renegotiation can help you protect your home and your family from the worst this "recession" has to offer.