Credit Card Debt Consolidation, Debt Relief and How to Get Started

Nov. 30, 2012 - PRLog -- Debt consolidation and credit card debt relief programs continue to be sought after today by Americans who find themselves struggling with or otherwise buried in personal debt such as that from credit cards and medical bills. Many have found much-needed help with professional debt management services who offer a caring yet realistic approach to dealing with and lowering one's debt burden.

Get Started With Credit Card Debt Consolidation:

http://www.nationaldebtreliefprogram.org/

A brief overview of today's most popular and effective programs for achieving debt relief:

Debt Consolidation - This program can work in many ways but in many cases entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, most commonly a house.

Debt Settlement - These type of debt relief programs, also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. Many people are taking advantage of Debt Settlement instead of conventional Debt Management because they have not seen debt management offer the benefits sold to them.

Get Started With Credit Card Debt Consolidation:

http://www.nationaldebtreliefprogram.org/consolidating_cr...

In a New York Times article, Cyndi Geerdes -- an associate professor at the University of Illinois law school, stated, "Done correctly, (debt settlement) can absolutely help people."

Bankruptcy is a process in which consumers and businesses can eliminate or repay some or all of their debts through federal bankruptcy court. For the most part, bankruptcies can be divided into two types -- liquidation and reorganization. Both Chapter 7 and Chapter 13 bankruptcy have many rules -- and exceptions to those rules -- regarding which debts are covered, who can file, and what property you can and cannot keep.

The good news is that debt relief is entirely possible today.

National Debt Relief offers a free debt analysis which can be taken advantage of at their website:

http://nationaldebtreliefprogram.org/