June 13th, 2009 | 
Author: Building up credit card debt is easy. Eliminating credit card debt is hard. Fortunately, there is help available to provide you with the tools you need to get out from under credit card debt.
In some situations, there may be steps that you can take on your own to lower your credit card debt. If you have a history of paying your bills on time, you may be able to talk to your creditors and ask them to lower your interest rates. Also, you may be able to focus on one credit card at a time, starting with the highest interest, and pay them off that way. Your situation may be beyond this, however.
If your debt is more than what you can handle on your own, you could benefit from talking to an accredited credit counselor. They can discuss with you other options you have including a debt management plan, debt consolidation loans, or in some cases bankruptcy. They can walk through each of these and weigh the pros and cons with you.
For a lot of people, a debt management plan can suit their interests quite well. debt management companies work with your creditors to lower the interest and fees owed on your accounts. Instead of paying each of your creditors separately each month, you will pay one consolidated payment to the debt management company which will then divide your money up between your creditors in a way that is helpful to you. You will be able to watch your accounts be paid down while you have the accountability you need to do so. With a plan like this, you can often pay off your debt more quickly and often at lower monthly payments than what you can do on your own.
If a debt management plan might be the right solution for you, talk to a credit counselor. Whatever you decide, you want to make sure it is a decision that you can live with.
Ronnica Rothe
http://www.articlesbase.com/credit-articles/credit-card-debt-elimination-126585.html
Posted in debt elimination
Does anyone has any idea about “Credit Card Debt Elimination” programs? Do they really work or are they shams?
I do not mean Debt settlement; I meant Debt elimination. I saw some websites mentioning something like UCC1 to turn from Debtor to creditor(????). Looked very promising.
They charge you for the service.
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I used a credit consolidation company a few years ago and it worked well. They only charged me a fee of like $30 and they lowered the percentage rates on my credit cards so I could pay it off faster. It took about a year to complete the program, but it was worth it.
Some of those companies could be scams, but some are not. Do research on them – check them out at the Better Business Bureau (http://welcome.bbb.org/ ) or ask around to see if anyone can reccommend a company to you.
Good luck!
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Be careful … alot are scams. They want thousands of dollars up front and get you into a monthly contract of you paying them fees.
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do you mean debt settlement, these companies work well when you select a good one in most cases they will eliminate your debt up to 70%, here is a great site they will give you a free analysis on your debt.
http://www.creditservicesolutions.com/
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Debt elimination means paying off your debts. Sometimes, reduced amounts can be negotiated.
There's a good article at eHow on steps to take to begin tackling your debt. Take a look at it:
http://www.ehow.com/how_2326032_avoid-escalating-debt.html
How to Stop Escalating Debt
It includes information on companies that can help you with debt consolidation and reduction.
You can also look here for tips on earning some extra cash online:
http://www.ehow.com/how_2254361_money-internet.html
How to make money on the internet, scam-free
Lastly, here's an interesting alternative to conventional lending…getting a "social networking" loan from Virgin Money (from the same folks who run Virgin Airlines):
http://www.ehow.com/how_2310995_student-loan-through-virgin-money.html
Social Loans from Virgin Money
Hope these help.
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As per my understanding Credit Card Debt Elimination mean paying off your debts and get your debts eliminated. And whether they are scam or not, depends upon the company you choose. Before choosing the company you can see whether it is registered with BBB or not.
Here is the debt consolidation company named http://ezconsolidation.com for your reference.
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Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://lnkurl.com/25
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