Unsecured debts play a big role in the lives of the majority of the citizens in today's world.
This is due to the recession that people are undergoing a critical period in regard to finance.
Not only the individuals but the states' economy has also come down due to this financial crisis which is known as recession.
As a result people seek financial relief through credit card and loan facilities presented by the creditors.
But once they are unable to repay the debts, they find them selves utterly helpless at a stage of being indebted to one or several creditors.
There was a time which the debtors had to give up their all asserts and suffer for the whole life time, repaying the debt.
Still there are some people who are not aware of the elimination methods, thus go for bankruptcy and ruin their future.
Today you have methods which you can eliminate your debts, without paying the whole amount.
One proven method is elimination with stimulus money.
Stimulus money is the money which the government provides for the debtors to eliminate their debts.
First you should reduce your debt through a debt settlement company.
They have the capacity of reducing your debt up to 60-90 percent.
Once it is reduced you can apply for stimulus money.
Government will select if you are qualified.
How to be qualified for stimulus money? Your debt should be more that $ 10,000.
Your previous payments should not be done on time, and then you should posses a low credit score.
If you possess these qualifications, the government will transfer the money to the creditors and make necessary arrangements to eliminate your debt.
This is one of the best and the proven methods among the debt elimination methods.