It might be hard to associate today's recession with any good news.
After all, the recession may be the reason why you are buried in debt, it may be the reason you lost your job or your home.
Despite what you might believe, I do have some good news for you.
That good news is that it is now easier to get out of debt, thanks to that recession.
How can this be so? First, the recession is the main reason why many banks and financial lenders were given federal stimulus money.
Since most American consumers could not pay their debts, these lenders were losing money and many were about to go under.
The federal government stepped in and essentially gave them a second chance.
Most creditors have used this second chance as an opportunity to learn from their past mistakes.
If consumers cannot pay their bills, they realize that settlement is better than getting nothing because they do get a percentage of their owed money.
Second, the recession has impacted all Americans.
Credit cardholders who always paid their bills on time in the past are struggling to make payment.
In the past, credit card companies weren't as willing to negotiate; they wanted all of their money.
Today, they realize that Americans just cannot pay due to the recession.
This ties in with the above mentioned flexibility most are giving debt-ridden Americans.
With debt settlement, everyone sort of walks away a winner: you get to pay off your debt and the creditors get a good chunk of their money.
Since we are still in a recession, now is the best time to act.
In fact, one or two years from now may be too late.
To get started, don't go searching for debt settlement company websites.
Instead, turn to a debt relief network.
These networks have already done the research and comparing for you; they make it easy to find a settlement company you can certainly trust.