Are you struggling with credit card debt? You are not alone. Millions of Americans are dealing with high credit card interest rates, unstable employment and fear of the unknown. It is best to know your options as you focus on resolving your credit card problems.

Debt Settlement

Below are various debt relief options to better educate you on what your options are:

Continue Making Minimum Monthly Payments

Many people struggle to make their minimum payments. With minimums covering interest and little or no part of the principal balance – your credit card debt isn’t being resolved.  Credit card companies make more money the longer you stay in debt.  If you are facing a financial hardship and maintaining minimum credit card payments is too difficult for you to make – our program can help by negotiating a reduction of your debt, helping you avoid bankruptcy and coming to an agreement with your creditors.

With a credit card interest rate of around 15%, it could take up to 30 years to payoff $30,000 of debt. At 25% or higher, it is virtually impossible to pay off your debt by just making minimum payments.

Consumer Credit Counseling

Credit counseling offers services that allow you to work with a certified credit counselor to devise a plan that is tailored to your specific debt needs and goals.  Counseling will not erase or reduce your debt.  Instead they work with your budget so that you can pay off debt. Most plans require you to pay your entire balance plus interest over the life of the plan, which can be five years or more.  Consumer credit counseling agencies are compensated by the creditors. This can create a potential conflict of interest – so be sure to understand if they are collecting fees from both you and creditors.


Bankruptcy is typically a last resort option.  Most people who file for bankruptcy have no other choice. Because of long-term challenges bankruptcy can create, it is important for you to carefully consider bankruptcy before proceeding. While it can possibly erase most debts completely, it also creates a public record that can stay on your credit report for up to 10 years, as well as making it hard to be approved for car and home loans, obtaining life insurance – or even getting a job.

Chapter 7 bankruptcy is a straight bankruptcy that requires a liquidation, or sale of all of your assets that aren’t exempt. It basically wipes out all of your qualified debt, allowing you to start over again.

Chapter 13 bankruptcy is different. This type of bankruptcy reorganizes your existing liabilities, but allows people with steady income to keep ownership of exempt property.  The court orders that you pay all your disposable income to a court appointed trustee. The trustee then will disburse payments to your creditors in a repayment plan, typically 3 to 5 years.  Don’t expect your debt to go away anytime soon with chapter 13 bankruptcy.

For questions about bankruptcy, you should contact an experienced licensed bankruptcy attorney in your state.

Debt Consolidation

A debt consolidation loan takes all of your current debt and “consolidates it” into one bigger debt.  Typically you will need some security such as a house, or other collateral to obtain a loan.

With a secured debt consolidation loan, you are putting your house or vehicle at risk. Obtaining a loan depends on your credit score and the state of the housing market.

This option neither reduces or settles your debt, it just shifts your debt from one creditor to another – which may not be a very effective path to solving your debt issues.

Do-It-Yourself Debt Settlement

Do-it-yourself debt settlement is where you take matters into your own hands and do everything from setting up your own budget to negotiating with your creditors.  Although this is the cheapest of all options, there are risks involved.

You will have to identify the person with authority to even begin negotiating your accounts and if not done properly you can be taken advantage of.

A professional will do a better job for you settling your debt, especially when they are only being paid when their service is completed.

Debt Negotiation

Debt negotiation allows an aggressive solution to your debt by allowing us to negotiate your debt with your creditors. We do this on your behalf by getting them to agree to accept less than the full principal balance to satisfy your debt.  The amount a credit card company settles on varies from creditor to creditor.

To qualify for debt negotiation, you must owe unsecured debt, such as credit card debt, medical bills, personal loans or deficiency balances from a repossession. Another important qualification is experiencing some type of hardship such as divorce, medical problems, loss of job or a reduction of income.  A financial hardship applies to a number of situations that prevents you from being able to pay back your debt now or in the future.

Debt relief companies have established relationships with creditors and are negotiating on behalf of thousands of people every day. Debt settlement companies maybe able to help you become debt free in a short period of time.

Although debt settlement may affect your credit, it can be a much better option than bankruptcy over time.

Free No-Obligation Debt Review

Allow our trained debt relief experts to give you a free, no-obligation consultation. Our team can help you review your debt situation to see if you qualify for debt relief.

Give Us a Call – (888) 987-1325