Credit Card Debt Relief-Looking for help

September 16,2018 by Michael  
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Credit card debt relief could be a necessary option if you find yourself over your head in debt with little possibility of solving the problem without some form of assistance. Even if you only owe $5,000.dollars, this is still a great option if your having difficulties meeting your required obligations.

How Exactly Do I Get Credit Card Debt Relief.

Credit card debt relief can be achieved through various methods. A person may opt for a credit consolidation loan, credit counseling, a debt settlement program, bankruptcy or the ever popular “do nothing” method.

We believe that bankruptcy should only be a viable option for you if it is proven to be absolutely necessary. The long-term credit consequences and the general stigma of this being on your credit history are in most cases,  just  not worth it.

Credit counseling is another way a person can achieve credit card debt relief. This will involve working directly with credit card companies so a consumer can lower the amount of interest their being charged. A person can be debt free from that particular debt in about 5 years while saving some money from the lower interest that was originally charged. A problem with this method is a lot of these companies are set up by the credit card companies themselves, with the goal being to collect as much as they can from the original amount.  They will call themselves non-profit, but after all of their operation expenses are paid, the rest of the money goes back into the credit card companies pockets. Truthfully now, how many of you saw that coming. Plus, any assistance that comes from these companies show up on your credit report as TPA (third party assistance). There is really not much difference between that and bankruptcy as far as your credit rating will go.

Getting a credit consolidation loan is another method many consumers use to get credit card debt relief. This basically is achieved by getting a loan using a secured asset and then using that money to pay off all of your credit card debt. This eliminates all of your high interest credit card debt while combining everything into one monthly payment. This is a pretty good option for some people who are in need of credit card debt relief, and generally works out real well for them.

Credit card debt relief can also be done with a good debt settlement plan. A negotiator working on your behalf would obtain a debt settlement for less then the amount owed. Let’s say you owe $ 5,000 dollars to a particular creditor. This could be settled for about $3,000.00 thus saving you the 2,000.00 plus all the interest you would have paid by taking longer to pay back that additional money. As you can see the savings will be significant. Keep in mind using this method will not hurt your FICO credit score. Initially your rating will be lowered, but once you’re in a program your score will go back up to where it was originally in a rather short period of time.

And finally there is the ever popular ’do nothing” method. I don’t believe we really need to get into all the problems this solution causes. Besides all the stress, embarrassment, lawsuits, repossessions, fear, and generally the miserable life it will cause you to have, it’s just not worth it considering all the great options we have right here at the credit debt help site.

Credit Card Debt Relief-Final Thoughts

Using a credit card debt relief program is an effective strategy for any family or individual who finds them selves over-extended. By using a reputable credit consolidation service, a consumer can repay their debts in a realistic and fair way  generally within a few years time frame.

Here, at the Credit-Debt-Help-Site we have done all the research and legwork for you. We have compiled only the absolute best of the best within the entire industry. We list only BBB A+ rated companies that have combined to help over 1.2 million individual’s and families to date.  To learn more about credit card debt relief, just enter our debt consolidation & settlement center (direct link at bottom of page, also you can find the tabs to enter at the top and to the right) and simply follow our instructions ( takes about 30 seconds to do so) and you will be on the road to financial recovery today.

Yours Truly,

Michael

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