Credit Card Debt Relief Debt Consolidation Options Overview

LOS ANGELES - April 1, 2013 - PRLog -- Are you facing a debt crisis? You are not alone. Millions of Americans are struggling just like you, trying hopelessly to manage sky-high credit card interest rates, unable to pay down their debts because of stagnant wages and unstable employment. If you are looking for a way to resolve your debt, take some time to weigh the pros and cons of your different debt relief options. It’s important to know there’s not a one size fits all solution.

Get Started With Credit Card Debt Relief:

http://www.nationaldebtreliefprogram.org/

Credit Counseling – Consumer Credit Counseling agencies can offer a debt management plan that may be effective for people who need moderate monthly payment relief due to high interest rates. By getting lower rates from your creditors, credit counselors can decrease the time it takes you to pay off your debts. In a credit counseling program, your monthly payment can be lower than your minimum credit card payments. If you are already having trouble making your monthly credit card payments, credit counseling may not be the right solution for you.

Get Started With Credit Card Debt Consolidation:

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

Debt Consolidation – Debt Consolidation can be a viable option for people who are not in serious financial crisis. To qualify for a debt consolidation loan, you generally need strong income and great credit. A cash-out refinance is the most common form of debt consolidation. This uses equity in your home to pay off credit card debt. If you do qualify for a loan, understand that you are not getting relief from your debt, you are effectively shifting unsecured debt into new debt that is secured by your home.

Debt Settlement – Debt settlement, which is also known as debt negotiation, debt reduction, or debt resolution, is a more aggressive debt relief approach that is designed to help consumers with a more serious financial hardship by lowering monthly payments and resolving the debt in 24 to 48 months. When you enter into a debt settlement program, your negotiators handle communications with your creditors, working to negotiate reduced balance payoffs for you. Debt negotiation is often the cheapest way to resolve your unsecured debt while avoiding bankruptcy.

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

http://nationaldebtreliefprogram.org/