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How you eliminate credit card debt seems impossible, but it isn't. You just have to want to do it. The problem is, overspending is easy. All you have to do is use your credit card and you can buy anything you want, 24 hours a day. And then what happens? You overspend... and here comes the bill. This is when the trouble starts. You owe more and more each month until the payments get behind and your debt gets out of control. If this is you, don't worry. There are solutions that can get you back on track. We will take a look at a couple of popular options that show how you eliminate credit card debt. Option #1 - Debt Consolidation. This is a solution that helps you pay off your credit card bills faster with a lower interest rate and a lower monthly payment. Let's say you have 4 credit cards. The way it works is instead of you having to pay 4 different bills each month that add up to a lot of money in payments, you put them together under one loan and pay one bill that is much lower. Most times the interest rate on the consolidation loan is much less than the interest rates on each of the credit cards. Additionally, the one loan payment per month is usually significantly less than the sum of the 4 payments you were making on your credit cards. This solution saves you money each month and saves you money in interest payments over the long term. It also gives you an end date. When you make your last debt consolidation loan payment, you eliminate your credit card debt. This solution works best for homeowners that have good-to-fair credit, and that have multiple credit cards that can never seem to get paid off. Option #2 - Debt Settlement. On the other hand, if you are someone (either a homeowner or not) that has bad credit because you are behind on your credit card bills, debt settlement is an option for you. This solution works best for people with bad credit, who have total credit card debt that adds up to at least $10,000, and who are at least one month behind in their payments. If collection agencies are threatening legal action, this solution may be good for you because it allows you to avoid being sued by them, and prevents you from having to declare bankruptcy. The way it works is a debt negotiator makes a settlement offer to your creditor and asks them to accept an amount that is 40%-60% less than what you owe. They also ask for a significantly reduced monthly payment that you can afford to pay. If the collection agency agrees to this settlement, you only have to pay the amount you offered with the lower payment that you offered, and you are not responsible for the rest. Once the settlement is reached, you can begin making your new payments. When you make the last payment under your agreement, you have eliminated your credit card debt. Either solution will usually have you debt free within 6 to 36 months, so when choosing how you eliminate credit card debt, simply choose the solution that sounds most like you. There is legitimate help available and trained professionals who understand what you are going through. They are ready and able to help you get back on your feet without judging you. They act as a


buffer between you and the bill collectors so you can focus on your financial recovery without them worrying you. So with that in mind, do not be afraid to take the steps you need to take in order to eliminate your credit card debt. It can be done, and you can do it. Ken S. LowRateSearch.com © 2009

This is how you eliminate credit card debt with as little stress as possible: just let me connect you with someone who is trained to eliminate credit card debt and who will help you get into the right solution. Initial consultations won't cost you a thing. Click now. This program reduces debt. Remember, initial consultations are free so you have nothing to lose and your financial freedom to gain. LowRateSearch is a safe, secure, and trusted online resource that can help you get out of debt. Visit LowRateSearch for more information and help.

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Learn How to Legally Eliminate Credit Card Debt