What Is The Best Way To Eliminate Credit Card Debt?

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Wednesday, April 8th, 2009 Subscribe To Our Feed

On a recent post on Debt Cures Reviews, there was a discussion of which method of debt elimination was better - do it yourself or hire a debt settlement company. There are benefits of choosing either way so you cannot do too wrong by choosing either.However, you need to be aware of the a few things before you sign with either.

When you are trying to eliminate your credit card debt, you are doing so because you are tired of making someone else rich while you struggle to just put food on the table.So why spend thousands of dollars hiring a company like Credit Solutions? While it is true that they have saved almost $900 million dollars for consumers, they have also made several million dollars in fees by providing their services.

For the most part Credit Solutions can help you get out of debt within 12-36 months. They can drastically reduce your credit card balances better than debt consolidation or credit counseling. And it does not ruin your credit like bankruptcy for 7-10 years.

But, then there is a company called Zipdebt. Zipdebt will teach you how to settle your own credit card debt and cut out the middleman. This allows you to reap even more savings on your debt elimination efforts. When Zipdebt, you negotiate with the credit card companies on your own and work out your own settlements. And if you need help crafting a good debt settlement letter, you can get that service too. The founder of Zipdebt has over a decade of experience on both sides of the debt settlement industry so he has just as much expertise as Credit Solutions and he knows what works and how to get the best results. And Zipdebt costs a whole lot less than hiring a debt settlement company.

So which ever way you choose, you can be sure to get the best credit card debt reduction when you choose to go with debt settlement instead of bankruptcy or credit counseling. Take a little time and learn more about debt settlement and see how much you can save. You can talk to Credit Solutions for free and hear their plan before you sign anything. And you can try out Zipdebt for a full year and get your money back if you are not satisfied.

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