Outside of negotiating a manageable solution with your credit card company, there are 3 additional ways that you can get help on your credit card debt.
| Debt Settlement | Debt Management | Bankruptcy | |
| Type of Debt: | - Credit card - Medical Bills | - Credit card | - Any debt |
| Debt Status: | - Already defaulted debt - Impossible to pay min payment | - Barely able to meet min payment | - Impossible to pay min payments |
| Method: | - Withhold payments until offered a settlement for a lower debt amount | - Enroll in a monthly payment program with reduced APR / Fees | - File for bankruptcy at your local court |
| Pros: | - Reduced debt - Paying a portion of debt is better than not paying at all | - Reduced APR or waived fees - Least damage to your credit | - Reduced debt - Allows you to get to a manageable situation |
| Cons: | - Impact on credit - Not guaranteed - Creditors will continue to try to collect on your debt while withholding payments | - Impact on credit - All credit cards will be closed - No debt will be forgiven | - Impact on credit may involve giving up property |
| Credit Impact: | - Severe if you have not already defaulted - No additional impact if debt has already been defaulted | - Negative impact but not as severe as defaulting or filing bankruptcy | - Severe impact - Stays on your credit for up to 10 years |
| Learn More | Learn More | Learn More | |
| Free Consultation | Free Consultation | Free Consultation |
