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Follow on Google News | Credit Card Debt Relief – Tips For Paying Off Credit Card Debt Quickly. Besides that, there are other methods that can help you get rid of your debt fast and legally - can these methods really work?
By: DisputeDebts.com Let's look at the easiest task which you would take less than a minute to begin: 1. Balance transfer - There are many credit card issuers that offer promotional low-interest rate cards (probably 0% of interests) for certain duration. It is the golden opportunity to transfer your outstanding debt from your high-interest rate cards. This method only works if you're able to pay off your outstanding debt with your new card during the promotional period. The only drawback of this balance transfer method is that you could end up paying more debt than usual once the new interest rates apply on your new card account. Always remember this line - "never leave old debts in your new credit card account!" 2. Calling your credit card issuer and request for interest rate reduction - check the customer service number that is stated either at your card or your card bills, and start calling them for interest rate reduction. This method only works if you have a good credit history, and your card issuer would not humor you if don't have one. If these above methods are not applicable to your current situation - you have to pay off your $10,000 credit card debt gradually with these methods: 3. Getting a debt consolidation service - if your debt arises from more than one card, and you have problems dealing with it; you can rely on such service where all your debts will be "combined" and you can slowly pay it off by making regular monthly payments. In fact, most debtors could get out of tremendous debt with this method which is better than filing for bankruptcy. The downside of this method is that you would probably need to a bit more than the original amount of debt, because of the interest rates implemented in the debt consolidation service. 4. Seeking credit card debt settlement with the creditors - if you're unable to make numerous card repayments and racking up more than $10,000 amount of debt, the creditors are likely to charge-off your card account and the debt collection agency is in-charge of collecting debt from you. At this stage, you'll be expecting relentless calls from the debt collector. Start contacting the creditors and request for debt settlement in-person. This method works if you've good negotiation skills and you would probably be able to settle for a lower outstanding balance with the condition that you've the ability to pay it off one-shot within given time-frame. The drawback of this method is that not all creditors would entertain your request at the beginning. It requires perseverance and good negotiation skills in order to make this settlement work. Free Debt Advice (http://www.DisputeDebts.com) # # # 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.DisputeDebts.com) Or Call - 877-853-6466 End
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