What Are Options for Credit Card Debt Elimination?
There are essentially three main avenues for wiping out debt. These avenues are debt consolidation, debt management and debt negotiation. Debt consolidation works by rolling all of your current debts into a single loan or low-interest credit card to reduce and simplify payments. Debt management simply requires you to look at income and debts to come up with the most cost-effective solution for eliminating debt. Debt negotiation requires you to talk to your creditors to negotiate a reduced balance on your credit card.
