Your credit card debt situation may seem impossible to overcome. Yet as you sit at home watching the Olympics, you see athlete after athlete overcome obstacles and topple world records in ways that would never have been thought possible even 20 years ago. While you probably never will win an Olympic medal, with the right strategies and information you can eliminate debt [http://www.stopccdebt.com/] from your life.

Part of the reason why eliminating debt seems so difficult is the high interest rates credit card companies charge on that kind of debt. Each month you stay in debt means that much longer until you will be able to pay your last credit card bill. If you can find a way to lower your credit card interest rates, each monthly payment you make will be more productive allowing you to see your balances drop more dramatically.

One way you might be able to lower your credit card interest rates is by asking your credit card companies. If you have a good history with their company, you may be able to use that to get a preferred rate. It certainly wouldn’t hurt to ask. If you do not have a good history with the company, they will probably not grant you a lower interest rate and you will have to find another way.

A way to get lower interest rates on most credit card debts is by enrolling in a debt management plan. Though this type of plan is most certainly not for everyone, it may be just what you need to get rid of your credit card debt completely. A debt management plan allows you to pay one monthly payment that will then be disbursed to the various lenders. The benefit to you is that most credit card companies agree to lower your interest rate and fees if you agree to such a plan.

Eliminating credit card debt is not impossible. With the right information and some perseverance and willpower, you can achieve your financial goal of becoming debt free.