Financial Resource

However, which one is the best alternative? credit card debt consolidation, debt settlement or simply balances transfer, below you will find some important points that will help you making a decision, hopefully the right decision.

Firstly, balance transfer is a very good option because you are turning a high interest rate debt into a low interest rate debt, but this will work for you if your intention is pay off the total balance of the expensive credit card, if you don’t, then you will be dealing with more debt after a while.

Secondly, the huge advantage of credit cards debt settlement is that your total debt is reduced, debt counselor in your behalf negotiate with creditors getting a lower interest rate and a lower monthly payment, and the span of time estimated for getting rid of debt is 12-36 months. However, this debt management program does not rebuild your credit, so this is a disadvantage.

Thirdly, with credit card debt consolidation, you get a lower monthly payment with lower interest rate, the span of time is longer than with debt settlement and, you pay more than the current total debt, this is a huge disadvantage over settlement of debt but, by consolidating you rebuild your credit, meaning that your credit report and credit score get improved, and this is a very positive aspect to take in consideration.

Last, specialized advise is always recommendable, it is with the help of seasoned debt counselor that you will make right decisions according to your specific financial situations.

Final Tip: By researching and comparing the best credit card debt settlement services in the market, you will be able to determine the one that meets your specific financial situation. Nonetheless, it is advisable going with a trusted and reputable debt counselor before making any decision, this way you will save time through specialized advise coming from a seasoned credit card debt advisor and money by getting better results in a shorter span of time.

Hector Milla runs the Credit Card Debt Free website – where you can see his best rated credit card debt settlement service.

Visit for further information and read our full reviews of the best debt settlement companies in the market today, plus articles and video training about how to get the most of your credit card debt settlement process.

Tags: absolute fund, alternative, balance, behalf, card, card debt consolidation, Consolidation, counselor, credit, Credit Card Debt, credit card debt consolidation, credit cards debt, credit score, creditors, debt, debt advisor, debt consolidation debt, debt counselor, debt management program, debt settlement, decision, disadvantage, Final, financial situation, financial situations, free, free balance transfer, getting rid of debt, Help, high interest rate, intention, interest, mone, money, option, rate, report, right decision, score, seasoned credit, Settlement, settlement services, shell alternative fuel, shell recruitment accounting or commercial or finance or hr or management or pension or investment or procurement or supply or support, situation, Thirdly, time, Today, Training, transfer, way, web, while