Credit card debt is not forever, as most tend to think about theirs.
It's hard to maintain a positive attitude when your credit card debt keeps growing and growing and you have to pay it each month.
But there are legal methods to get rid of it, or at least a part of it.
You can choose a method that is called debt settlement and negotiate with the creditor to remove an important part of your debt.
If you want to try this method you need to be eligible for the following criteria: have unsecured debt and have debt of over ten thousand dollars.
These are the only requirements that are needed for debt settlement and if you have those you can be lucky because more than 50% of your debt can be reduced.
Legally, debt can be either reduced or liquidated.
You can reduce the whole debt or liquidate it with bankruptcy, but this method is a bit old and involves a lot of disadvantages not only for the client, but also for the creditor, and even for the whole country if we take into consideration the fact that the economy suffers from bankruptcy.
Make sure that you think about these a lot before deciding for bankruptcy.
Many people are choosing it because they aren't informed about other methods or they are afraid to try the new and popular debt relief methods.
If you want to choose debt settlement there are many ways to do it, one of them is when you hire a company to represent you for a certain fee.
This fee can be upfront or a part of your monthly payment for the rest of the debt after the deduction.
Another way is to hire a lawyer to represent you.
A third way is to represent yourself in front of the creditor, however many experts warn against this because many creditors refuse to talk to their clients concerning their debt and reducing it.
A forth way to do it is by hiring a non profit company that will do this for free.
These companies can be part of a program issued by the government or they can be charity companies that work for the benefit of people who have a bad situation