The United States of America is struggling with its worst economic slump since the Great Depression of 1929.
There are millions of people who have lost their job to the impending economic crisis.
In such a scenario; the people are forced to depend on their credit cards to make both ends meet.
For an average American, the entire fabric of life depends on plastic money.
Indiscriminate usage of the credit card has landed thousands of people in debt.
Owing to their financial problems, people find it nearly impossible to pay back their credit card dues.
The credit card companies make harassing calls to the debtors to retrieve their money.
Some people even commit the folly of declaring bankruptcy to get out of the mess.
Bankruptcy scars your credit score and you lose your eligibility to apply for loans, for a very long time.
In such a scenario, the best credit card solutions, you can resort to is Debt Settlement.
If you total unsecured debt is more than$10k, debt settlement is the best legal option to eliminate your credit card debt up to 70%.
First, you need to visit a free debt relief network and locate a reliable debt settlement company.
You need to be judicious and vigilant here, as most debt settlement companies are profit making endeavors.
Once, you make your choice, your credit card solutions will be arranged by the experts of that company.
The experts will advise you to stop paying all payments to your creditors.
The creditors will obviously follow you for payments.
This is the time, when the experts try to convince the creditors that their client is in a terrible financial trouble.
The creditors are made to believe that if they do not consider the client's case favorably, he might file for bankruptcy.
In this economic crisis, no creditor will entertain the idea of bankruptcy.
They might grant a waiver of at least 50% and up to 70% to get back a part of their money.
The remaining amount can be returned in small monthly installments.
Through debt settlement, you can become debt free in a short span of time.