http://www.debt-free-debt-consolidation.com/credit-card-debt/credit-card-debt-counseling/ Credit card debt counseling reduces your payments while cutting interest rates. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Credit card debt counseling can reduce your monthly payment up to 57%! Credit card debt counseling lowers your interest rates making your payments more effective! Stop creditors now with credit card debt counseling! What is credit card debt negotiation? Simple. It is a way to eliminate credit card debt without resorting to bankruptcy. When a consumer applies for credit card debt consolidation the receive reduced minimum monthly payments. Usually this reduction is quite drastic, sometimes on the order of 57%! This frees up the extra cash necessary for a consumer to pay his or her debts without negatively impacting his or her quality of life. Learn more about debt counseling by completing our attached form. How credit card debt counseling works How does credit card debt counseling work if the payments are so much smaller? There are two main benefits that make credit card debt reduction possible with such low payments. The first is a corresponding reduction in your interest rates. This concentrates your payment towards your balances, rather than frittering the money away on interest. The secondary benefit is an elimination of "nuisance fees" that further allow a concentrate of your payment towards your balances. These fees which are eliminated when you consolidate credit card debt are those annoying late fees, over the limit fees, and finance charges that seem like they exist solely to keep your payment from being effective. The net result is that you will become credit card debt free in around 60 months. Another advantage to credit card debt counseling is insulation from your creditors. When your creditors realize that you are undergoing a credit card debt management plan they will redirect all of their inquiries to the debt counseling company rather than calling you. As you begin to get out of credit card debt they will even request that the credit bureaus "re-age" your accounts. This means that the credit bureaus will reclassify your accounts as current/never late, thereby improving your credit rating. Find a solution with credit card debt counseling There are many solutions to credit card debt problems. While credit card debt counseling provides easy to make low monthly payments, some people prefer drastic action such as a credit card debt settlement. This is a one-time payment of 40-70% of your balance that will cause that account to be declared paid-in-full. This is an excellent solution if you can afford to make that large of a payment all at once. However, most people find credit card debt relief easier in repayment plans that are spread out over time Sat, 26 Jul 2008 15:00:00 EDT