Consumers everywhere are looking for credit card debt relief options, and it's no wonder. Thousands of people owe tens of thousands to their credit card companies. But is credit card debt relief really possible? If you know what you're doing, it is. Here are 4 easy steps to getting out from under your credit card debt. 1. Assess Your Situation The first step towards credit card debt relief is understanding exactly how bad the situation is. This means taking all of your recent credit card statements and totaling up all of your outstanding balances. Most people avoid totaling all of their credit card debt. This is usually because the end result will come out to a scary figure. However, if you are serious about credit card debt relief, you need to know exactly how much debt you are really in. 2. Reviewing Your Options Once you know exactly how much debt you are in, you need to review your options. When it comes to credit card debt relief, there are a number of services and solutions available to consumers. Most consumers turn to one of three solutions for credit card debt relief including debt consolidation, debt negotiation and bankruptcy. Which of these solutions is right for you will depend on many things including exactly how much debt you are in and what your finances look like. If you can afford to make a decent monthly payment towards your debt each month, credit card debt consolidation may be the answer. If your credit is still in good shape, you can consolidate your debt yourself with a low-interest credit card and pay as much as you can towards the balance each month. If your credit has suffered some bruises, you probably won't qualify for low-interest credit cards and you'll need to seek the help of a non-profit credit card debt relief service. Many of these services can help you renegotiate your interest rates. You then pay the agency one monthly payment and they pay your credit cards directly. If your credit has been somewhat trashed and you would rather get your creditors paid off without having to deal with monthly payments, debt negotiation may be your ideal choice for credit card debt relief. However, for this to work, you need to be quite a bit behind in your credit card payments. For credit card debt negotiation, you contact your creditors and tell them that you will pay them a percentage (usually 25 to 50 percent) of what you owe if they will consider the payment as payment in full. This means if you owe a creditor $5,000, you offer $2,500 and ask them to write off the debt for that amount. If you can't afford a monthly payment and debt negotiation isn't an option, then you may want to consider bankruptcy. No one likes the idea of claiming bankruptcy, but some consumers really do need to start over again and bankruptcy may be the only option. 3. Make a Plan Once you know what type of credit card debt relief you are interested in, it's time to lay out a plan. In the case of credit card debt consolidation, you'll need to determine how you will consolidate your debt and exactly how much you can pay towards your debt each month. In the case of debt negotiation, you'll need to determine exactly how much money you are going to offer your creditors and which ones you will be contacting first. In the case of bankruptcy, you'll need to look into obtaining the services of a lawyer. 4. Put Your Plan in Action Once you know exactly what steps you need to take, it's time to put them in action. In the case of bankruptcy and debt negotiation, this is just a matter of taking the proper steps and executing them according to your plan. With debt consolidation, however, a bit of willpower will be required. Many people who consolidate their debt are excited to find out that their minimum monthly payments are often reduced. This does not mean, however, that you should pay the minimum monthly payment. The purpose of credit card debt relief plans is to get out of debt as quickly as possible. This means paying as much as you possibly can to your creditors each month. Credit card debt relief rarely happens without a bit of sacrifice. whether that's sacrificing your credit with a bankruptcy history, sacrificing your budget by paying more towards your debt or sacrificing your savings with paying large amounts to satisfy your debt in full, the end result is always worth it. And of course, once credit card debt relief is achieved, make sure you don't find yourself in the same situation again. Manage your debt wisely and let the sacrifices you make towards credit card debt relief serve as a lesson. http://www.dept-relief-best-info.com