Unsecured Debt Relief - Realistic Ways to Get Out Of Unsecured Credit Card Debt Free Consultation

Oct. 21, 2010 - PRLog -- Getting out of debt without damaging your credit score and without filing of bankruptcy doesn't seem very realistic but in fact there are some legal ways that might help you with your financial problems and will surely take a load off your chest. We are talking about unsecured debt which is the most common type of debt but it does give consumers the advantage because they can use debt relief options to get help.

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Debt settlement is by far the most common debt relief option because of the great amounts of loans that consumers have nowadays. Financial settlement is used to settle debts of over ten thousand dollars so there is no wonder why so many consumers choose this option over bankruptcy. By using debt settlement, you basically negotiate with the creditor and explain to him why you can't afford to pay back your debt and how much will you be able to reduce from your debt.

Another realistic way to get out of debt is by using financial consolidation. This is also a debt relief option but is based more on reducing the interest rates which make your debt unaffordable rather than reducing your debt altogether. This can prove to be just as useful because unsecured loans such as credit card loans have very high interest rates so it would be a good thing to reduce them.

Credit counseling is also another way to get out of debt by organizing your payments. A credit counseling agency will work within your budget to offer you a debt management plan that will surely help you with your debt. This option can also include lower interest rates and it is a great way to get more information about ways to prevent big amounts of debt.

Unsecured loan relief can be obtained by using these options but there are also other ways to clear your debt, some of which are not so profitable. Bankruptcy for example is a bad way to clear your debt because it ruins your long term credit so it would be better to avoid this option and opt for one of the above.

Debt settlement is a legitimate alternative to filing bankruptcy. Consumers can expect to eliminate around 50% of their unsecured debt with the help of a legitimate settlement program. With the new FTC laws recently passed in July 2010, debt settlement is a much less risky option. If they don't settle your balance you don't have to pay a dime.

Get Free Debt relief consultation today - http://www.debtconsolidationcc.com

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