Personal Financial Advice - How to Clear 50% of Your Unsecured Debt Off Your Balance Sheet

You can easily get out from the 50% of the debt amount of your unsecured debt from your balance sheet. There are several ways by which you can manage your debt payment. You can pay the more than you minimum amount each month. Just sacrifice some of your expenses and add this amount into the monthly installments in order to have quicker debt relief. If you pay only the minimum amount then it will take the longer period of time to settle the account.

More attention should be paid on the credit card with low interest rate. Pay the monthly installments regularly for the lower interest rate credit cards and when its loan amount finished then transfer to the another credit card and have the continues process till you are finished with the debt amount.

Another way is to negotiate with the creditors to reduce their interest rate and take the advantage of various promotional programs. If you seem yourself in the big trouble with no financial backup then don't ever think about the bankruptcy as it will suffer you for the longer period of time. You can have the option for the debt settlement or the debt consolidation. In debt settlement you can get the waiver of about 40-50% if you negotiate directly with your creditor. But if you take the help of debt Settlement Company then you can get more benefit of waiver 50-70%. In return you have to pay the fees to the debt settlement company but it is still a better way to negotiate with your creditor.

In debt consolidation you're all the credit cards debts are combined together in one payment and you have to pay the monthly installments with the lower amount. In any case every credit card company wants to negotiate because of the fact that they also want to recover their debt amount in any way. For the debt settlement company you can directly visit the debt relief network where all the legitimate companies are mentioned that are certified by the government and legal.

Finding legitimate debt settlement companies is not that difficult but consumers must know where to look. It would be wise to utilize a debt relief network that will qualify the companies for you and ensure that they are legitimate and have proven themselves. To locate the top performing debt settlement companies in your state check out the following link: