If you are in debt then it would be very much difficult to you come out from this situation. But you have to do some work for become debt free. In this article you will get some points by which you can make you debt free.
You can choose the option of credit card debt settlement. In credit card debt settlement, you need to contact creditor or collection agency and negotiate them for settlement of your credit card debt. In this case, creditor or collection agency will accept less than full payment on the debt. For example, if you owe $2000, you might convince the creditor to accept $1000 as payment in full. In credit card debt settlement, you need to give time and patience. If you can do your credit card debt settlement then you can save you thousands of dollars which you can't afford.
These are the following steps by which you can settle your credit card debt :
If you are making payments for your credit card then you should stop it immediately. Because if you are paying credit card debt then companies have no reason to settle with someone who continues timely payments. If credit card company will confirm that you can't pay their amount in full then they will settle your debt as this is the way, where they can get their amount.
Ignore all the threats from your collection agency about to sue on you. The fact is that most agencies won't go to the effort and expense of actually filing a lawsuit.
When you are going to offer for debt settlement then don't offer such kind of amount which you can't afford. Therefore, your opening amount offer should be no more than 1/4th of the debt.
You can also expect that your first offer will be refused.
You can also use the threat of bankruptcy to keep the company talking and say to them that in bankruptcy company may get nothing.
Be patient and take your time. There is no reason to rush into a bankruptcy. If you wait then your debt become older day by day and it would be harder to collect.