There are a number of debt elimination programs to get rid of credit card debt. The most recommended method - of course - is to simply pay off the balance.

The best way to do that is to set your money to the card with the smallest balance, have it done and then go on to the next. But what if you just flat out don't have the money to pay your debts? What can you do in that case?

Well, you may well think of debt consolidation. If you work by means of a "non-profit" agency, they will discuss with your debt collectors and appear with an arranged upon amount you will pay each month.

Credit counseling will be able to negotiate with your creditors to reduce your interest rates. They may also be able to get unpaid interest, late fees and other penalties waived. But keep in mind that if you miss just one payment, you will be booted from the program (the drop-out ratio is about 75%). If this happens, you will be back to square one and your credit will be negatively affected.

Essentially the credit counseling agency serves as a middle man. You give one check to them every month and they distribute the cash to your different collectors. The amount you pay is still the same during the progression and the technique they apply is a lot like what I've referred to above: as each creditor is cleared, the "excess" money is split up amongst the other creditors so that as time moves on more money is directed to each account.

Another choice of debt elimination programs is debt settlement. To settle your debts means the creditor agrees to accept an amount much less than the total you owe. You can work by means of a debt settlement provider, but they will demand you a big deal of money in advance. Then, once the debts are paid out, they will ask for a percentage of the amount of money they "saved" you. When the dust settles, you'll find your total savings is a lot less than you anticipated.

Debt Settlement, also recognized as Debt Negotiations, is the most cost-effective solution to pay off your debts and minimize you of having to file bankruptcy. This is when you work out and cut down the unpaid debt by 40-60% of the total amount you owe. The creditor forgives the other debt thus helping you to get out of debt more quickly. Debt settlement is the best option in the lack of home equity and capacity to mortgage refinance and get a guaranteed debt consolidation loan.

We recognize the stress and challenge of living with an overpowering amount of debt, and our objective is to lower and consolidate your debt so that you can start living the life-style you’ve been dreaming about…being debt free! By utilizing debt settlement programs you can waive late fees, stay away from bankruptcy, minimize interest rates, lessen your monthly payments, have only one monthly payment, and be debt free.

Debt Free Solutions is a debt consulting company located in Long Beach, CA. We have been in business for 10 years. We assist Americans across the U.S. to eliminate excessive credit card and other unsecured debt.

We utilize various programs and strategies to aid them in dissolving their debt in the quickest, safest, and most efficient method possible. We also analyze the risk factor. We structure our programs to drastically minimize the risk that is inevitable with all debt elimination programs.

We offer our clients much more than a debt settlement company does. The vast majority of debt negotiation companies simply settle your debts on your behalf with your creditors- nothing more.

On the other hand, we provide free services to significantly help to minimize the risks that are involved wIth negotiating with your creditors.

First, we offer a free, no-risk 10 day trial service. During our free trial, we negotiate with your creditors on your behalf to lower your interest rates. Also, we research to see if you have any old debts that you are not legally liable to repay. If, for any reason, you are not completely satisfied, you simply walk away. No commitments. No contracts.

Next, we provide a comprehensive credit repair service to all our clients. This is a $795 service that is absolutely free!

Also, we offer free attorney consultation (a maximum of five sessions) in case one or more of your creditors makes any threats.

Last, we provide a written guarantee that our clients’ creditors will settle for an average of 50% or more for all of the debts they attempt to negotiate.

Our services are competitively priced- and include the above free services!