Credit Card Debt Relief Debt Consolidation Options: Honey Boo Boo

Jan. 25, 2013 - PRLog -- If you are struggling to keep up with your monthly credit card payments, a Debt Management Plan (DMP) with a debt relief or debt consolidation service provider can help by consolidating all of your unsecured debt into a single monthly payment. They negotiate with your creditors for better repayment terms, such as lower interest rates and waived late fees, which can save you considerably each month.

Get Started With Credit Card Debt Relief:

http://www.nationaldebtreliefprogram.org/

A typical DMP includes comprehensive debt counseling from certified counselors nationwide, superior customer service, and technical expertise. When you successfully complete our plan, you will have fully paid off all of the unsecured debts you started the plan with, and will be armed with the knowledge necessary to manage your finances on your own.

Debt Settlement Plan

The Debt Settlement Plan (DSP) is recommended for those who simply cannot afford the monthly payments of a Debt Management Plan, and who are looking for an alternative to bankruptcy.

With a Debt Settlement Plan, your monthly payments are held in an FDIC-insured bank account while lowered settlement amounts are negotiated with your creditors, with the goal of allowing you to repay only a percentage of your debt - typically around 50% over a 3-5 year period.

Get Started With Credit Card Debt Consolidation:

http://www.nationaldebtreliefprogram.org/eliminating_cred...

Debt Consolidation is a widely-used term to describe debt repayment plans* that allow you to get you out of debt as quickly as possible.

There are really two types of debt consolidation plans available in order to provide these benefits - a Debt Management Plan or a Settlement Plan. There are important differences between these plans that you should understand.

So which plan is right for you?

Determining which plan is right for you really depends on your specific situation including the type of debt you have, your income and ability to make consistent payments, and what you agree is affordable.

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

http://nationaldebtreliefprogram.org/