subject: eliminate credit card debt legally - Helping Millions of Consumers With Credit Card Debt [print this page] They will work on getting the actual amount you owe in total lowered, sometimes up to 50%. They can do this because the credit card companies are willing to take a smaller loss if you are willing to continue making payments so that you account and the amount you owe them is not a total loss and this can help you to eliminate credit card debt legally.
Debt consolidation on the other hand deals with getting all of your debt together in one lump sum and then paying them off. This can be done in several ways including a loan or even taking out a second mortgage on your home. This will usually save you money in the long run due to a lower amount of interest you will more than likely pay on the loan then you were on all the credit card accounts you had.
#3 The third step is to make a plan. This is not only the changes you will make for your personal finances, but also the changes that both you and your debt relief specialists is offering your creditors. Depending on the situation you may be accepted right away or you may have to go back and forth a little to work out the final numbers. Once that is done you can start making repayments.
Depending on what plan you have gone with, either debt negotiation or debt consolidation, you should be totally debt free in as little as three years. This means that all of your debt will be paid off and your credit score will remain intact. Click here to get help and get out of debt now and eliminate credit card debt legally.
eliminate credit card debt legally - Helping Millions of Consumers With Credit Card Debt
