Personal Finance Buzz

Is there such thing as Obama credit card debt relief? Is there a program offered through legislation authored by the President to help you eliminate your credit card debt and experience relief? If you have 10K in credit card debt, you may be interested in this program. But is it real?

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The average debtor in search of credit card relief is typically given two options: bankruptcy or credit counseling. The former scars the consumer’s credit and oftentimes their pride, while the later puts them back in the palms of their creditors for a lengthened period of time. Which makes you question their use of the word “relief.”

But there is another way.

If you would like to manage or resolve your credit card debt, there are many relief options available that you can look at in order to achieve this.

Superior Debt Relief donates thousands of dollars to charities every year, supporting causes that we believe in whether or not they have anything to do with credit card debt. MADD is one of them.

MADD—Mothers Against Drunk Driving— is an organization on a mission to “stop drunk driving, support the victims of this violent crime and prevent underage drinking.”

This cause is especially close to the Superior Debt Relief family. Responsible driving is something we care deeply about for several reasons.

The good news is that credit card debt in our country is way down from its pre-financial crisis high. Yet, the average household still owes more than $9,000 on their credit cards paying an average of 23% interest. Ouch!