Are you ready to get rid of your debt once and for all and get to a better way to live with your finances? There are so many people that have no idea how to manage their finances and were never taught to do so that they need credit card debt consolidation. The credit card companies have taken advantage of you for way too long and it is time that you fight back. Here are some ways you can get rid of all the debts you have.
First, you can always file bankruptcy, but this is a desperate option and is not for everybody. You will pay a lawyer the same amount or more than what you would pay for other options. Plus this does not teach you anything about managing a budget and working with what you have. This will get you out of debt, but then all the credit card companies will send you applications again because you cannot file bankruptcy again for at least 7 years. This could be dangerous.
Second, you can try to do the credit card debt consolidation yourself, but very few have the discipline to do so. This would require putting together a sound budget plan for each and every month and sticking to it. You will most likely have to eliminate a lot of the extras and only budget a small amount for entertainment. This can be very difficult for the person that is used to spending a lot of money and going out on a regular basis.
Last, you can use a debt service to help you with credit card debt consolidation. This type of company will charge you a fee that is pretty much the same as a bankruptcy lawyer. They will work with your creditors to get you reductions in balances and payments. Then, they will workout a monthly payment plan that you can afford to get you out of debt within about 3 years time. This is a great way to go for those that want to feel like they are doing it on their own while getting great professional help.