Credit card debt relief help – credit counseling vs. debt settlement

Oct. 28, 2010 - PRLog -- Avoiding the debt you owe isn't the way to deal with credit card debit. In fact it can come back to bite you with even higher amounts do. Millions of consumers out there are struggling with credit card debt. However, you can take efforts and find credit card relief. You don't have to do it alone.

Credit Counseling

It may surprise you to find that even those folks that make decent amounts of money are drowning in credit card debt. The problem is that they aren't in control over their finances. It is too simple to pull the plastic card out of the wallet to shop online, to go on vacation, or even for every day purchases.

Living within your means is important if you are serious about obtaining credit card relief. You may need assistance with getting your budget in place. In many households both people have different spending habits. They avoid issues about money so that they don't fight.

Yet such an approach can quickly escalate and create serious problems for the family. Stress, resentment, and more can really take a toll on the relationship. When you are both honest about your money concerns and spending habits though you can work as a team to make it all work out.

Credit counseling gives plenty of understanding and direction. This can be the support you need to work out a budget and to stick to it. Credit relief can follow when you have a plan of action in place to be able to pay off what you owe and to avoid future credit card debt.

Credit Card Companies

Too often the credit card companies themselves are considered to be the enemy. Sure, they may dangle that credit out there but they don't force you to use it. Take the time to compare the interest rates on your cards. You also want to know the penalties that apply for not making payments on time.

If you have tons of credit debt, contact the company. They often have employees that specialize in payment plans, with cutting interest rates, and more. However, you have to ask for what they can offer as they won't just advertise it readily. They know the economy is in a tight pinch though. They want to get some of the money owed to them instead of none at all.

Be Cautious of Settlement Companies

There are settlement companies out there that often offer to help with credit card relief. Some of them are great but you should take action to do what you can on your own first. Too often they won't be doing anything more than what you are able to negotiate on your own. Some of them do offer plenty of additional services when you feel overwhelmed. They can give you support and direction when you felt like you were just completely lost.

However, help isn't always what you really get from some of the various settlement companies out there. They can end up charging you fees and that keeps money you do have from getting to the credit card companies you are in debt to.
Free Debt Advice
(http://www.debtreductionexpert.com)

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If you are struggling with paying back your credit card debt or any other unsecured debts there is legitimate help out there. Debt settlement usually makes financial sense for consumers with over $10k in unsecured debt. There are also other options available. To talk with a debt relief counselor for free help check out the following link:
Free Debt Advice
(http://www.debtreductionexpert.com)
Or Call - 877-853-6466