Credit Card Debt Consolidation Debt Relief Programs: How To Get Started Now

Feb. 6, 2013 - PRLog -- If you're in trouble managing your credit cards, medical bills, payday loans and other bills, credit card debt consolidation debt relief programs can help you out of this situation. There are several kinds of debt relief programs such as consolidation, settlement and debt management. You can find the best out of these options by going for a no-obligation free counseling session. Take a look at the topic given below to know about the various debt relief options.

Get Started With Credit Card Debt Consolidation:

http://www.nationaldebtreliefprogram.org/

6 Debt relief options - How to use them to your benefit
Watch out for the 6 emergency debt relief options listed below and find out how best you can use them to your benefit.

Consolidation programs: If you are looking to lower rates and make one monthly payment on your bills, you can enroll in a consolidation program offered by any of the debt relief USA companies. The companies negotiate on your behalf to provide you with the following benefits:

Reduced interest rates
Low monthly payments
Reduced or waived off late fees
A single monthly payment
No harassing calls from creditors/CAs

There are 2 purposes of a consolidation program:

Credit card consolidation: If you cannot manage your credit cards effectively, you should go for credit card consolidation. Using such credit card debt relief programs, you can consolidate multiple credit card bills into a single payment each month. A debt relief USA company can work with your creditors and help you consolidate credit cards.

Bill consolidation: If you've fallen behind on medical bills, utility payments and others, bill consolidation can help you overcome the debt burden. Credit cards, store cards and personal loans can also be included in such debt relief USA plans or programs.

Debt settlement: This is a program where a settlement company negotiates to reduce your outstanding balance. Settlement is one way of getting credit card debt relief especially if you have too many cards and cannot make the minimum monthly installments.

The benefits of settlement are:

Single monthly payment
No/reduced late payment fees and over-limit charges
Avoid lawsuits and wage garnishment
Creditor and collection calls stop
No need to file bankruptcy

Get Started With Credit Card Debt Relief:

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

Debt management: It is a debt relief USA program where a credit counseling agency analyzes your financial situation and negotiates with your creditors. The purpose is to help you pay off your bills comfortably. Instead of paying your creditors, you send in your monthly payment to the credit counselor. The counselor distributes the payment amongst all your creditors.

With debt management, you get the following benefits:

Reduced interest rates
Low monthly payment
Waived off late fees and extra charges
Avoid creditor/collection calls

Interest rate arbitration: This option allows you to repay your current unsecured bills through a secured loan at low interest rate. The main aim is to reduce your stress through smaller monthly payments.

The 3 benefits of interest rate arbitration are given below:

Smaller monthly payments
Better interest rate
Single payments every month

Self repayment plan: This is where you manage your debts without the help of professional debt relief USA programs. Here you make a list of your unpaid debts, prioritize them, and then prepare a budget so that you can pay off bills and manage your daily expenses efficiently.

The benefits of a self-repayment plan are:

Pay off bills on your own
No need to pay a third party
Learn to budget and manage your finances

Bankruptcy: You can file Chapter 7 and Chapter 13 bankruptcy when none of the other debt relief plans or programs have managed to help you get out of your debt. Bankruptcy helps you get relief from debt through the court intervention. It is your last hope. That's because bankruptcy ruins your credit history and makes it difficult to qualify for loans and credit. So, it is better to avoid bankruptcy and try out any other debt relief program.

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

http://nationaldebtreliefprogram.org/