Free Credit Card Debt Consolidation - Getting Out Of Debt Without Paying High Fees

Overwhelming credit card debt can be the source of stress and problems

, but having to pay for expensive debt relief options is not the answer either. If you have several bills, finding a free credit card debt consolidation method would be ideal for getting out of debt quickly. And that is the goal here...to be debt free in the shortest amount of time possible.

A debt management plan is an alternative that is offered by a nonprofit credit counseling agency. They consolidate your unsecured consumer debt into one account. While this option is not completely free, it is about as close as you can get. There is a small monthly fee that is included in your debt payment. But when you consider that your interest rates are going to be reduced to 10% or less, the $30-$50 fee that will be included in your payment is a drop in the bucket compared to the interest payments you were making.

This is a structured plan for repaying financial obligations that have gotten out of control. It usually requires a payment that is about 2% of the total debt in the program. This is a snowball plan that will have you debt free in less than five years, if you follow it the way it is written. If you are suffering from debt that is ruining your life, it is time to make a commitment to do what it takes to become debt free. You deserve to live a life like no other and having debt will not allow you that luxury.

If you have debts that have been charged off you want to consider settling them. As long as you do it on your own with the help of a debt settlement company, the process itself will not cost you anything. You will have to keep in mind that you will have to pay taxes on the amount of the debt that is forgiven. But due to the reduction in the amount of the debt that you will receive, in the end you will still most likely be paying less than if you were paying your balance in full.

You will have to make changes that will allow you to repay your debt in a minimal amount of time. But living with the stress of unpaid bills is no fun. Get started today by getting quote that allow you to move forward with your life!

by: Marjorie Salada

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