http://www.debtreliefadvice.com/credit-card-debt/credit-card-debts/ Credit card debts can eat your bank account alive. Don't let credit card debts get the best of you. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Credit card debts are like a cancer. They sneak up on you, and if you don't do something about them early, they can be very detrimental and hard to deal with. So the sooner you eliminate credit card debts from your life, the healthier your bank account will be. Reducing Your Credit Card Debts You might think the only way to get rid of your credit card debts is to file for bankruptcy. Or maybe your plan is to just keep plodding along, paying the required monthly minimum (and all the finance charges and high interest rates that accompany them) until they're paid off for good. But do you know how long that can take? A $10,000 debt at 18.5% interest typically takes 32 years and $24,500 to pay off if you don't pay more than the required monthly minimum. But if you consolidate credit card debts, you can reduce the amount of money you pay and the amount of time you spend being in debt. Here's how a credit card debt consolidation plan works: First, you choose a debt management company, which in and of itself is no small task--that is, if you want a reputable and trustworthy one. (Learn about that more on other pages on our site.) Next, a professional in managing credit card debts will go over your finances with you so he or she can be sure to suggest the right consolidation program to help you get rid of your credit card debts. Once you and your debt consolidation professional have decided on a debt consolidation plan, he or she will contact your creditors to try to get the balances and interest rates on your credit card debts reduced. The new amounts will then be combined, and you make one monthly payment to the debt consolidation company instead of several monthly payments to your creditors. Because of all the balance and interest rate reductions, more of your monthly payment will go towards the principle, and you can experience credit card debt elimination in about five years. Of course, there are other programs designed to eliminate credit card debt, and your debt management specialist might think one of them is better for you than consolidation. There's debt settlement, debt consolidation loans, student loan debt consolidation and debt consolidation mortgage. Although some of these names sound similar, they are all actually different. You can learn more about these programs on the other pages of our site, but to know for sure which one is right for you, contact a debt management professional today. You can start your search on our Related Resources page. Sat, 26 Jul 2008 15:00:00 EDT http://www.debtreliefadvice.com/credit-card-debt/credit-card-debts/consolidate-credit-card-debts/ Consolidate credit card debts and save yourself a lot of time, money, postage and stress. Learn about ways to consolidate credit card debts here. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 http://www.debtreliefadvice.com/credit-card-debt/credit-card-debts/eliminate-credit-card-debts/ Eliminate credit card debts with help from one of the many debt relief programs available today. These programs can help you eliminate credit card debts for good. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0