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If you look at your statement, it should inform you how long you have to pay if you make the minimum payment.
Years, lots of years.
Now that's stress.
But what if you could realistically be credit card debt free in 1-2 years? That's debt relief and it would feel pretty good.
But how do you go about it? -Take a hard look at what you owe.
Be honest with yourself and determine how much credit card debt you have.
If it's over $10,000, it probably does have you stressed.
-Take a look at your options.
Now what can you do about it? If you really want to get out of debt, you have to have a plan.
If you continue to make the minimum payments, then that's one plan, but it's not debt relief, it's just ongoing debt stress.
And what if you can't make the minimum payment? -How fast can you pay it down? Probably not very fast.
And if you can't realistically afford to pay it down month to month, you need another plan.
Fortunately, there is another plan.
-Go bankrupt - Lots of negativity goes along with bankruptcy.
It's a temporary solution to a permanent problem.
The problem is your credit and bankruptcy will wave a red flag to other creditors you may need to engage in your future plans.
It might be best to avoid the bankruptcy option for debt relief.
-The debt settlement plan.
The debt settlement plan is an approach on how to realistically be credit card debt free in 1-2 years.
A professional debt settlement company can assist you in negotiating a lesser amount of what you owe.
They will barter with credit card companies for you to get your debt relief faster than you think would be possible.
Reducing your debt and eliminating your debt should be a consideration if credit card debt has you stressed.
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