Credit Card Debt Relief Debt Consolidation: You Have Options

Dec. 12, 2012 - PRLog -- Credit card debt relief and credit card debt consolidation are the subjects of this story. Americans now carry more than $850 billion in credit card debt, according to the Federal Reserve.  This is a staggering number that is impacting millions of American's lives.

Get Started With Credit Card Debt Relief Debt Consolidation:

http://www.nationaldebtreliefprogram.org/

Debt is a national problem, but also an individual one, too. We may aim to pay off our credit card debt in full each month, but too many of us don’t succeed. Rising costs of living, stagnant incomes, unexpected life events, and undisciplined spending are common factors that lead to growing numbers of Americans struggling to get out of debt. Factor in the high interest rates that creditors are allowed to charge, and finding a way to manage your debt effectively can be a very difficult task.

An important first step to achieving debt relief is to look at the different ways you can solve your debt problem, whether working on your own or with a professional debt relief firm.  One place to start is to assess who you owe, how much you owe, and the lifetime cost calculations of paying off that debt.

Get Started With Credit Card Debt Consolidation Debt Relief:

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

Credit Counseling

Credit counseling is a debt relief program that starts with a detailed financial review. If your debt problems are serious and best resolved with outside help, your credit counselor will suggest that you enroll in a debt management plan (DMP). In a DMP, the credit counseling program will obtain interest rate concessions from your creditors. Lower interest rates are the primary benefits of a credit counseling program. Credit counseling may also lower your lower monthly payment to service your debts, but usually not significantly.

A Credit counseling debt management plan is a very common type of debt consolidation program. In it, you make one payment directly to the credit counseling agency. The program then distributes that payment to your different creditors. If a reduction in high interest rates are not going to solve your debt problems, credit counseling is not likely the best debt relief option. Credit counseling is like aspirin for a mildly sick patient, where a little help and medicine solves a real pain or financial problem.

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

http://nationaldebtreliefprogram.org/