SOURCE: Total Debt Relief

February 19, 2010 10:56 ET

Credit Card Debt Relief Options Explained by

An Abundance of Programs and Services Today Are Tailored to Help Consumers Eliminate Credit Card Debt

CHICAGO, IL--(Marketwire - February 19, 2010) -  Consumers who are strapped with credit card debt needn't feel as if they are trapped, with nowhere to turn to for help. More credit card debt relief options and programs exist today than ever before.

Credit card debt once was the bane of existence for many consumers who shopped till they dropped, or simply were the victims of job layoff and subsequently found it necessary to charge everyday living expenses on credit cards. Regardless of the how and why a consumer became buried in credit card debt, relief options in the past were limited.

But today, a plethora of avenue exist which lead consumers out of bankruptcy and puts them back on a stable financial footing. One of the best credit card debt relief programs available today is:

Debt Settlement -- One of the newest credit card debt relief programs today. Also known as debt negotiation and debt arbitration, debt settlement involves a debt settlement firm aggressively negotiating on behalf of the consumer in debt with their creditors to reduce the amount of debt owed. A typical debt settlement plan is able to reduce credit card debt by approximately 50 percent.

Therefore, if a consumer has $10,000 in credit card debt, that debt in most cases can be negotiated down to $5,000 or less. This often proves to be all that is necessary to get consumers out of the financial hole which they have been in.

This type of program does not work overnight. Depending on the amount of debt that is owed, a typical debt settlement plan takes 12 - 36 months to complete. After the final settlement payment is made, the consumer's account(s) will be settled, with none of the original debt outstanding.

Other credit card debt relief options include debt consolidation & debt consolidation loans, consumer credit counseling, and bankruptcy. This latter option however should only be considered in the most extreme debt cases, and only as a last resort after all other credit card debt relief options have been considered and eliminated. Bankruptcy alternatives are first recommended.

Total Debt Relief offers consumers a free debt evaluation which they can take advantage of at the company's website:

Contact Information

  • Contact:

    John Chase
    877-244-2950 x 7016