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Get Out of Credit Card Debt
Find the best way to pay off credit card debt fast for your financial situation.
GET HELP NOWCompare Credit Card Debt Solutions
There’s no one right way to solve problems with credit card debt. Every financial situation is different, so the solution that what works for one credit user may not be the best choice for someone else. You need to understand all your options and compare them to find the best debt relief option for your needs and goals.
Credit Card Debt Solutions Center
Hello and welcome to Debt.com’s Credit Card Debt Solutions Center. If you are having a difficult time making your credit card payments, struggling with high interest rates or if making just minimum payments is getting you nowhere, we can help.
And you’re not alone. The average family who carries a debt has more than $16,000 in credit card debt. We have free advice and offer professional solutions, so you can find the best way to pay off or settle your credit card debt. Available programs include debt management, debt settlement, debt consolidation loans and even do-it-yourself solutions where you can learn the best way to pay off your debt.
We are A-plus rated by the Better Business Bureau and have helped thousands of people become financially stable and find solutions tailored to their unique situations. We’re here to help you, too! Simply fill out our form or, better yet, call us now and we’ll match you with the best solution for your situation for free.
Don’t struggle any longer. Give us a call. When life happens, we’re here for you.
How long will it take you to become debt-free?
Minimum payments can keep you in debt for decades and interest charges can add up to more that you originally charged. Use our free credit card payoff calculator to see how long it will take you to pay off your debt with minimum payments.
Video Transcript
Debt Relief Options
There are many debt relief options and two popular solutions are debt management programs and debt settlement plans. A common misconception is that they are the same thing.
But they are actually two very different types of solutions.
A debt management program, or DMP as it is commonly referred to, is the relief option where you pay back your principal in-full but your interest rates are reduced or even eliminated.
You only have one payment to make each month, instead of several. And your credit score stays intact and may even improve while on the program.
The key to a successful debt management program is that more money goes to eliminating the principal while high interest rate charges end.
In comparison, with a debt settlement program, you don’t pay back everything you owe.
A debt settlement specialist negotiates with your creditors with the goal of getting them to sign off on a settlement offer, where they agree to reduce your principal so you only pay a portion of the original amount.
Once they agree to the debt settlement, the creditor receives their money from what you set aside in a ‘program savings account’.
After you complete a debt settlement program, you will enjoy freedom from debt but it may take a few months to a few years to rebuild your credit rating, depending upon your unique situation.
To find out which option is better for you, fill out our form or better yet, call us now. We’ll match you with the best solution for your situation, for free. We’re A-plus rated by the Better Business Bureau and have helped thousands of people become financially stable.
So, don’t struggle any longer, give us a call. When life happens, we’re here for you.
Compare Debt Relief Programs
Getting professional help is often the fastest, easiest and most cost-effective way to get out of credit card debt. There are two relief programs you can use: debt management and debt settlement. With a debt management program, you pay back everything you owe to avoid credit damage. Then you reduce or eliminates interest charges, so you can get out of debt faster, often with lower monthly payments. By contrast, debt settlement gets you out of debt for a percentage of what you owe. It’s usually the fastest, cheapest option to eliminate debt. However, it will cause some damage to your credit score.
Compare OptionsMapping America’s Debt
If you’re facing challenges with credit card debt, you’re not alone. The average household that uses credit cards owes over $15,000. In most states, credit users utilize more than 30% of their available credit, which leads to lower credit scores. Bad credit limits the number of options a consumer can use to find debt relief. So, the more debt you need to pay back, the less likely it is that you'll be able to use do-it-yourself solutions successfully.
More Statistics
SEE HOW DEBT CONSOLIDATION CAN HELP YOU
Calculate how long it would take to pay off your debt alone versus using a trusted consolidation program.
Credit Card Debt How-To Guides
Solving problems with credit card debt can be complex. There is a range of solutions available that most consumers only hear about when they've run into trouble. And not every challenge with credit card requires professional help. These how-to guides walk you step-by-step through key processes you need to know for managing and paying off credit card debt.
CREDIT CARDS 101
Credit cards can be extremely useful financial tools, but they can also quickly lead you into financial distress when they’re not used correctly. These resources can help you learn how credit works and how to use credit cards the right way, so you can maximize the benefits of using credit without creating debt problems.
CREDIT CARD APR
Credit cards have relatively high interest rates compared to other types of debt, like your mortgage or auto loan. If you make payments month after month but your balances never seem to go down, interest charges are usually to blame. Most debt solutions involve finding ways to reduce or eliminate APR entirely.
CREDIT CARD DEBT RELIEF
If you can’t seem to make any headway to pay off credit card debt on your own, it’s time find debt relief. There are do-it-yourself options for consolidation that you can use if you have good credit, or you may need to call in the professionals. This means finding a debt relief program that fits your needs.
DELINQUENT ACCOUNTS
When you fall behind on credit card payments, you start a countdown to charge offs and debt collections. There’s a certain art to dealing with credit card debt once your accounts become delinquent. Your best options to get out of credit card debt usually change and you may need a different strategy to find relief.
IF YOU’RE FACING PROBLEMS WITH CREDIT CARD DEBT AND YOU NEED HELP NOW, DON’T WAIT!
Let Debt.com match you with the right solution for your situation.
Have Questions about Credit Card Debt?
Debt.com's panel of certified credit experts answer questions from consumers about credit card debt. Whether you have questions about the best credit cards to use or you want to know the best way to get out of credit card debt, we can help. Here are some of our most popular questions about credit card debt.
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DISCLAIMER - Debt.com does not provide direct debt adjustment services, but, upon request, acts as a locator service for BBB registered companies. It is ultimately up to you to determine whether the companies that we may introduce you to are appropriate for your situation. For debt consolidation programs, where permissible by law, companies may charge a one-time enrollment fee typically from $25 up to $75 for account establishment and for debt relief proposals submitted on your behalf to each of your creditors. Monthly program administration fees will vary from $5 but no greater than $75 depending on your state of residence and/or the number of creditors who agree to accept proposals and become enrolled in the program. Fees subject to change if permissible by law. For debt settlement programs, by law, you may not be charged any fee until a debt settlement is arranged on your behalf, you approve the settlement, and at least one payment is made towards the settlement. Each program offered by independent financial service providers is unique so ask them for their complete details of the program and fees.
Not all consumers are able to complete debt relief programs for various reasons, including their ability to save sufficient funds. The use of debt resolution services could negatively impact your credit and may result in legal action on the part of creditors or collectors for unpaid balances. Consumers enrolled in debt consolidation programs who fail to adhere to the terms of their debt management plan (DMP) may forfeit the benefits of debt relief and revert to the terms of their original creditor agreements. Read and understand all program materials prior to enrollment. Please contact a debt relief specialist for complete program details.
Your debt relief analysis and savings estimate is free, will not affect your credit, and you are under no obligation to enroll in, or purchase, any product or service.
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