Newport Beach, California (PRWEB) March 23, 2006 -- This subject was addressed in a resent article at Newswire Today (newswire - Hoschton, GA, United States, 03/18/2006) titled: "After Bankruptcy Reform Consumers are now Learning How to Discharge Debt.»

«Americans carrying too much credit card debt have had the Bankruptcy option swept away. Many are now turning to a little known alternative; discharge 100% of their debt without bankruptcy, consolidation, or refinancing.

Thanks to the new bankruptcy reform laws, many Americans who are overburdened by their credit card debt will no longer qualify for Chapter 7 bankruptcy protection. However, consumers need to know that an alternative exists for people to walk away from 100% of that debt.

The process that is used to discharge debt is based off of U.S. Supreme Courts decisions, Title 15 United State Code (USC) section 1692, the Fair Debt Collections Practices Act, section 1601, the Fair Credit Billing Act, the Uniform Commercial Code (UCC), section 203, and numerous Banking and Lending laws.

There are many cases that have already been decided on when it comes to the issues of money, credit, and banking. The collection of interest on credit issued by a bank or a credit card company is in direct violation of all usury laws. In addition, the United States Supreme Court has ruled time and again against the legal authority for banking institutions to lend credit. Both Federal and state laws allow banks to lend money, but banks do not have the authority to loan credit.»

The Nay Sayers or Stumbling Block on and off the Internet who tout significant credentials and will the will tell the public that Eliminating Credit Debit is a Scam. If we are not a tune to straw horse technique we will be convinces that they are right after all they are published experts with years in the business. Here is an example from one of these experts whose identity will go un-named.

«Debt-elimination companies claim that they can eliminate your debt and that you do not have to make any more payments with no repercussions. Sounds good, huh? Too good! The bottom line alleged by these companies is that the debt that you have incurred using credit cards is not legal debt. The murky debt-elimination process is said to be based on information from Title 15 United State Code -- section 1692, the Fair Debt Collections Practices Act -- section 1601, the Fair Credit Billing Act and the Uniform Commercial Code -- section 203.»

The first straw horse is no repercussions. Of course there will be repercussions. The point is how are those repercussions resolved. When did anyone ever do anything without some resulting consequences to the bad or good? The next straw horse is murky debt-elimination process. Well that simple to resolve. But it takes effort to do the research and start wiping the muskiness away. Gee how is it possible that 2 people writing on the same law to could come up with different conclusion. Obviously, in both writings interested parties are required to do research, and that is exactly what is available at debitreliefgrp.com

We hope reading this press release has been interesting and novel in its directness. There are American out here that actually care about fellow citizens who struggle to make high interest minimum payments, which have doubled in January. With that said we offer for consideration an Elimination service that has a 6-year history with over 6,000 clients and that has successfully eliminated over 145 million in Credit Card Debt. Very favorable settlement options are also possible.

Now take action and visit Debit Relief Group. This is not a now or never solution, in fact the urgency or lack there of is up to you. Read and listen to the research and gain the confidence that the strategy is sound and that we are trust worthy. Follow the guide through the Law, Frequently Asked Questions, Testimonial and more.

We look forward to helping your family become debt free.

Source: prweb