Credit Card Relief

April 08, 2010 14:00 ET

Credit Card Debt Relief: Advice & Best Practices by Gives Some Helpful Tips on How to Get out of Debt and What Professional Programs Can Assist in the Journey

BOSTON, MA--(Marketwire - April 8, 2010) -  As the employment rate finally awakens from its slumber, consumers are beginning to put some money in their pocket. Unfortunately, the credit card debt accrued over this recession has grown immensely. Many Americans are looking at whopping credit card statements and shaking their heads in disbelief at the damage done. In times like these they begin to wonder what debt relief methods are best and how to get back in the black.

Priorities - The first step is finding out which debts to pay off first. A good rule of thumb is to organize your debts according to the highest interest rate. These debts should be paid off first. There is some debate over which debts to pay off first, but determines this is the best way to keep from piling on more debt. The more money paid toward this debt, the less interest can add on to the total.

Organization - A lot of debtors find themselves with a vast array of debts. One of the most important things to do is organize debts. Find all the debts owed and all the different payment dates for each. Use a calendar and mark down each payment date. This will provide an idea of how much will be spent each month and keep the debtor from falling behind on payments.

Professional help - Sometimes the debts accrued are too high to manage personally. In general, those with over $10,000 worth of credit card debt should consider seeking professional help. The most common debt relief programs include credit counseling, debt consolidation, and debt settlement.

For those with unsecured debts like credit cards, debt settlement would be a preferred option. In debt settlement, a debt arbitrator works with creditors to lower overall debt amounts. These arbitrators can eliminate up to 50% of the total debt amount. By making small monthly payments, a consumer can be out of credit card debt and pay half of the debt amount in 24 to 36 months. provides a free debt evaluation to see what debt relief option fits best with the consumer at:

Contact Information

  • Contact
    Rob Jones
    877-224-2950 ext 7016