How it works

Smaller payments might sound counterproductive in the effort to end debt, but when you sign up for a credit card debt management plan, your creditors will cut your interest rates. Finally, the cash you sink into your bills every month will affect your balance. An additional benefit of credit card debt relief involves removing late fees, over the limit fees and finance charges. Because so much of your money targets your balance instead of extraneous sinkholes, you are quite likely to pay off your debt within five years.

Credit card debt consolidation intercepts phone calls from your creditors. By law, once you enter into an agreement with a debt consolidation firm, collection agencies may only contact your designated financial representatives, which allows you to substantially improve the quality of your life. As you approach your goal of becoming credit card debt free, your creditors will "re-age" your accounts. Credit reporting bureaus adjust your accounts to "current" status instead of unpaid, which boosts your credit rating. These methods will lead you to credit card debt elimination.

Credit card debt problems may intimidate you, but you can solve them without bankruptcy. Solutions that we can provide for you include credit card debt reduction, but you can also obtain credit card debt settlement. If you make a single, substantial payment of at least 40%-70% of your balance, the creditor will accept you account as paid in full. Although this method saves a great deal of time, few consumers have that much money at their immediate disposal. If you can amass such resources, however, settlement is a great way to get out of credit card debt quickly. By filling out our free debt analysis form to the left, we can help you determine which plan is best for you.