A lot of forums and discussion rooms are buzzing up with credit related problems and debt relief tips.
The common topic here is how and why the credit card companies would let their customers escape.
You must have heard about the government and the financial heads taking a lot of interest in the global meltdown and taking some stern actions.
This action involved large amount of money being pumped into the financial sector in order to stabilize the economy.
If you go into details, you can find that the government has been quite troubled since the entire cash flow was paralysed.
Lot of people lost jobs, businesses went into huge loss and also the dollar losing grounds in global market.
Following are few facts that will explain things better:

1. Keeping future business and financial harmony in mind, the government provided stimulus money to the banks and the credit card companies to cover up their losses and let consumers go debt free.
   
2. Few debt relief tips and programs were published to invite customers to come forward with their problems and negotiate with the banks.
   
3. The banks had nothing to lose here since their loss would be mitigated by the stimulus money and they will be able to recover their invested money.
   
4. The customers had a tremendous opportunity to eliminate their debts since they were able to end up the whole chapter just by paying fraction of the original amount.
   
5. The credit ratings of the consumers were taken into consideration and were offered that these programs would keep their ratings safe and unaffected.
   
6. Even debt consolidation programs were introduced allowing the consumers to repay their entire debt with a single payment.
   
7. Many financial experts came up with debt relief tips and helped people eliminate their debts.
   
8. The debt settlement firms did a fantastic job helping people and serving as an interface between the customers and the banks.
   

This is how the entire process worked out and a lot of success was reported.
The stimulus money indeed helped millions of people overcome their credit problems.
So, don't give it a second thought and go forward for settling your debts.