Credit card relief can come in many forms and can be achieved using various methods. Before we get into all the technical terminology of it all, lets first discuss some common signs that you do in fact need help. Some common signs of trouble can be any of the following.
Are you loosing sleep over your bills?
Are creditors or debt collectors calling?
Are you barely paying your monthly minimum on your credit cards?
Are your money problems putting added stress on your personal relationships?
Do you have 3 or more major credit cards approaching or at their spending limits?
Have you been denied new credit?
I can go on and on but I think everyone gets the picture on this. Now it’s time to talk about the various methods being used by consumers all across our country today who are seeking credit card relief.
A consumer may use debt settlement as a method to achieve credit card relief. This simply involves negotiating with your creditors to lower the total amount owed. This is an aggressive approach that is extremely popular with consumers. Once you have completed the program and all accounts are settled not only will you be credit card debt free but also your credit worthiness will be restored. This is great for any consumer who is knee deep in debt and can barely afford their monthly minimum or has already fallen behind on their credit card bills. This is probably still the cheapest and quickest way for anyone to once again regain control of his or her finances.
Credit Card Relief-Credit Counseling Is Another Great Option
Credit counseling is another great option for any consumer seeking credit card relief. By working with your creditors you can lower your interest rates considerably, thus saving you a ton of money over the years. By using this option a person can generally be debt free in about 4 to 5 years. This is good for those people who are at least able to pay their monthly minimum but don’t like the high interest charges they are currently paying.
Credit Card Relief-Debt Consolidation And How It Works
Credit card relief can also come in the form of debt consolidation. Generally speaking this entails a person getting a loan to pay off their credit card debt. Supposing you have equity built up in your home and are struggling with your monthly bills. You can receive a loan at a much lower interest rate and use that money to pay off your credit cards that will be at a much high interest rate. Though effective it can also be extremely dangerous, as you will be securing this loan with your house.
Credit Card Relief-Final Thoughts
As I’m sure by now you have noticed, we did not include some methods that many people are using in today’s world. We didn’t include bankruptcy (either chapter 7 or chapter13) as we truly believe all other options should be attempted first. Balance transfers (robbing Peter to pay Paul) was also left off the list simply because this does not solve anything in our eyes. Borrowing off your 401(k) or liquidating your IRA will simply cause more problems for you down the road and in most cases should be avoided if necessary. By using anyone of the first few options we discussed, there is no doubt in our eyes that you can and will become credit card debt free in a relatively short period of time.
Credit Card Relief-What Now
Now it’s time for you to take action if you’re serious about regaining control of your finances once again by getting credit card relief. Here at the Credit-Debt-Help-Site we have done all of the legwork for you. We have researched all companies and services currently available to give you only the cream of the crop. We listed only BBB A+ rated programs for you to choose from. Simply click on the link below and enter into our debt consolidation and settlement center. (You can also click on the tab located at the top of page). Once there check out the various programs and then simply fill out at least 1 (better to always fill out 2) of the non-intrusive forms (takes about 30 seconds). That’s it. If you’re seeking credit card relief and do just that, you will be on your way to financial freedom, I personally guarantee it.