Today the economic situation of USA is not good and still now we can see hundred thousands of unemployed people has been created for the bad recession that affecting the American economy. After suffering from strong bankruptcy and foreclosure a great majority of American people is now praying to recover this bad economic condition. Today around 80% of American people think that only a perfect debt relief plan can change their fortune. Recently one economic survey has been conducted different region of America and they reported that every 8 out of 10 American people need the credit card debt relief. According to the economic survey it also obvious that both the debtor and lenders are suffering equal amount. A great economic mess has been created when the debtors can’t repay the money to the lenders as most of the people are jobless don’t have any source of new money. American President Obama had to create a new $780 Billion worth stimulus package that is known as Obama Debt relief plan in 2009 in order to settle one perfect agreement and negotiations among the peoples of debtor and lender. However the main objective of this relief plan was to remove the recession forever from the economy as well as develop the financial position each and every people of America.
President Obama’s debt relief plan to recover bad economic situation of America
Today debtor has many options to repay the bills and by choosing the Obama debt relief plan they are feeling comfort to repay the money. One of the easiest options is that they have to take one non- profit company from which they can make their own settlement and in return could receive up to half of their current bill taken off. However bankruptcy and foreclosure were the main reason that totally destroyed the American economy. Obama’s debt relief plan has been created one better agreement with the lender and the debtor and also removes Bankruptcy and foreclosure.