Credit Card Debt Relief - How to Eliminate 60% of Your Credit Card Balance With a Debt Settlement

Jan 26
09:25

2010

Matt Couch

Matt Couch

  • Share this article on Facebook
  • Share this article on Twitter
  • Share this article on Linkedin

Credit card debt is the easiest form of unsecured debt to eliminate. Rather than declare bankruptcy, many Americans are finding that a debt settlement...

mediaimage

Credit card debt is the easiest form of unsecured debt to eliminate. Rather than declare bankruptcy,Credit Card Debt Relief - How to Eliminate 60% of Your Credit Card Balance With a Debt Settlement Articles many Americans are finding that a debt settlement is a much better option for credit card debt relief. The only real consequence is that it will lower your credit score in the beginning but no where near as bad as bankruptcy. This however is a trade most Americans are more than willing to accept; a temporary lower credit score for up to a 70% elimination of your debt. This seems like a good trade to me but you need to know where to find the top performing debt companies if you want to receive the best settlement.

Debt relief has never been in higher demand. This past recession put many Americans out of work and further into debt. Not all types of debts can be settled however. Generally, only unsecured debt can be settled through a settlement. Unsecured debt is just debt without a tangible asset backing it up such as a house or car. Credit cards are by far the most popular form that people try to eliminate.

If you are over $10,000 in unsecured debt you can utilize a debt settlement company to help you with credit card debt relief. The top performing debt companies will be able to eliminate 60% of your unsecured debt on average and cases in the 70-90% range are not at all uncommon in this market. Creditors are very concerned about not collecting and you as the consumer can use this fear to your advantage and try to get a debt settlement deal while the conditions are so favorable.

If you need credit card debt relief and want to hire a debt settlement company for debt negotiation then I have an important piece of advice. Do Not go directly to a particular debt settlement company but rather first go to a debt relief network who is affiliated with several legitimate debt companies. In order to be in the debt relief network, the debt settlement companies must prove a track record of successfully negotiating and eliminating debt. They must also pass an ethical standards test. Going through a debt relief network will ensure that the debt company you are provided with is a legitimate and respected company.

FreeDebtSettlementAdvice.com is one of the largest and most respected debt relief networks on the marketplace today. To find a debt settlement company through FreeDebtSettlementAdvice.com check out the following link:

Free Debt Advice(http://www.freedebtsettlementadvice.com)