Basic Credit Card Debt Relief Ideas

Are you struggling to pay off your credit card debt? You’re not alone. In fact, according to a recent report, the average American household carries nearly $6,000 in credit card debt. If you’re feeling overwhelmed by your debt, there are steps you can take to get relief.

Dispute Errors

Separate the money you agree to owe with amounts that are in dispute. You could have misunderstanding, overcharging or non-performance of services by your partner company which leads into an argument about payment for these charges being incorrect; if this is true then gather any documentation available because it will help get back on track!

Balance Transfer

One option is to transfer your balance to a 0% APR credit card. This will give you a period of time – usually 12-18 months – during which you won’t accrue any interest on your debt. This can be a great way to save money on interest and get a handle on your debt.

Credit Counseling Service

Another option is to work with a credit counseling service. A counselor can help you develop a budget and create a plan to pay off your debt. They may also be able to negotiate lower interest rates and late fees with your creditors.

Debt Forgiveness

When you miss a payment on your credit card, expect to start hearing from the company soon after. They have dedicated departments that specialize in collecting late payments and will not hesitate contacting you about this matter!

There are laws to protect you, the consumer. The Fair Debt Collection Practices Act (FDCPA) is a law that regulates how debt collectors may interact with their clientele. However, there are no such restrictions for collections agencies when it comes to companies trying themselves out as creditors and pursuing debts owed by others

No matter what route you choose, taking action to get out of debt is always the best choice. If you’re feeling stressed about your finances, don’t wait – reach out for help today.

This article is provided for general informational purposes only and should not be construed as legal advice or a substitute for professional advice.