Do you have too much credit card debt and it’s weighing you down like a ton of bricks on your shoulders every day?

If you can’t keep up with your payments and don’t think there’s anything you can do about it, you may be wrong.

There are credit card debt relief programs that may help you ease the burden of credit card debt.

Today, I want to share with you some options you have to get credit card debt relief.

How To Cope With Credit Card Debt

One of the most important things you need to that doesn’t involve any credit card programs is to learn how to cope the best you can with credit card debt.

The FTC put out this handy guide on how to handle financial crisis like losing your car, or worrying about collectors calling, or worrying about losing your home. If these types of concerns are causing you to lose friends, family, and affecting things like your work, you should give it a good read.

9 Ways To Get Credit Card Debt Relief Now

1. Contact your creditor

The first thing you should do is call whoever your creditor is and ask for help. For example, if you had a credit card with large debt owing to a bank, call the bank and speak with someone about it. Banks can have programs to help you during this difficult time. They can try and work out a lower interest rate or other things that make your debt more manageable.

If you’re struggling hard to keep up with payments, don’t wait until it’s too late and your credit cards becomes completely delinquent. This is devastate your credit score and it will take a lot longer to fix it in the future.

2. Sell anything you have that you can afford to lose

You probably have things in your home that you could sell and make money from. The best way to get rid of debt is to find money to pay it off. And while you probably don’t have enough cash coming in from your job or other sources of income, you very likely have clothing, sporting equipment, tools, or an older camera you could probably let go and get some money for.

This is a wonderful way to pay back all that credit card debt and get back on your feet, or at the very least, make life a little bit easier. I would recommend having a yard sale. Check out this guide on 10 tips on having a yard sale that earns you a lot of money.

3. Get a loan from a friend or family

Asking for money from a friend or family really isn’t ideal and it doesn’t feel good no matter how good of friends you are. But sometimes it’s not only the right move, it’s the best move. Friends and family can give you money right there up front and you can use it to pay down that credit card debt quickly sometimes.

Many times, friends and family won’t even charge you interest or need anything back in return. If you can stomach it, and you know you will be responsible in paying them back some time in the future, then I would recommend asking a good friend or family member that trusts you for a loan to help you out in the mean time.

4. Credit Counselling Services

If the above 3 things didn’t work or does not work for your situation, then you could look into getting credit counselling. A credit counsellor is someone who gives credit advice and can provide debt management services. Essentially, they provide financial education. They are like a counsellor you would see in school if you were having a hard time in school. They will look at your financial situation and give you ideas and strategies to pay back your credit card debts and get back on your feet. There are credit counsellors that offer free consultations as well, so it may be worth it for you to visit one and see if they are what you need.

Your credit counsellor may decide a debt management plan is the best solution for you. This is a plan for people who have too much debt and cannot repay it back. A debt management plan is basically a plan to pay back your debts that your credit counsellor works out for you.

5. Join a debt settlement program

There are companies that specialize in debt settlement. These programs usually requires you to pay a fee in order to use their service. The service they provide is to settle your credit card debt for a fraction of the actual amount you owe. For example, if you owed $15,000 in credit card debt, a debt settlement program can settle that credit amount for say 60% of the actual amount you owe.

You will want to be careful with these companies and make sure you choose a reputable one with good customer reviews. I would check with the BBB (better business bureau) before joining a particular debt settlement program. Each program has different fees and rules on how they operate and there are some companies that on the scummy side and are looking more to take your money than help you get out of credit card debt. To learn more about the pro’s and con’s of debt settlement programs, visit the FTC’s website.

6. Consolidate your credit card debt

A popular credit card debt solution is to consolidate all your credit card debts into one thing you can pay back every month. The advantage to you is that you now only have 1 payment to worry about rather than 6 credit cards and different payment dates to worry about – for example.

The second thing consolidating your credit card can do for you is lower your overall interest rate. This doesn’t happen all the time, but it’s certainly something you should look very hard at trying to get. If you can lower the amount of interest you pay, you will lower the amount of dollars you need to pack back for your debt. It’s as simple as that.

7. Get a home equity loan

Getting a home equity loan or a home equity line of credit is something you can do if you have completely paid off your home or if you have enough equity in it. A line of credit against your home means you are borrowing money against the value of your home. This is a great way to get cash right away.

But the problem is, if you do not pay back your loans properly or you become irresponsible with your home line of credit, you could lose your home. That’s obviously very devastating to you and the family you may have, so just make sure it’s something you know you will 100% be responsible about before you consider this option.

8. File for bankruptcy

If your debts are simply too high and there is literally nothing you can do about it, you may consider the option of filing for bankruptcy. A bankruptcy can wipe away most if not all of your debt. The biggest issue with bankruptcy is that the consequences of it will last a very long time. It will devastate your credit worthiness and stay on your credit report for 10 years. It will be much harder to get a loan of any kind in the near future – if you are able to get one at all.

It can also make it difficult to get the insurance you need and even affect your ability to get a job, since employers sometimes check credit history as part of their screening process. However, even with all these down sides, it may still be the right option for you. There’s nothing like a fresh start and the weight of debt lifted off your shoulders. To learn more about filing for bankruptcy, visit US Courts.

9. Get a 0% APR credit card (balance transfer credit card)

A balance transfer credit card can be a phenomenal option for lowering your interest rates. These credit cards can give you 1 year or more where you pay 0% interest on any amount you have owing on that credit card. What you will want to do is apply and get one of these credit cards, and transfer the balance of your debt on your current high interest credit cards to this 0% interest credit card. This way, you will pay zero interest on your credit card debt for 1 year or more, depending on the credit card terms. But you do need to be careful, because this 0% interest rate does not last forever as I mentioned above. You need to read the terms and conditions of the credit card and understand what happens once the 0% period ends.

Bonus Tip

To pay back debt, you can either reduce that debt or get money to pay it down. The two easiest ways to do this is to contact the people that you owe money with and find a way to lower your debt owed or interest rate, or anything else that will make it easier for you to pay back your loan. Assuming you’ve done this options already, then the second thing you need to do is get more money to pay back your credit card debts.

The best way to take control of your credit card debts is to make more money right now. This doesn’t necessarily mean getting more jobs. There are more ways to get money than working more hours.

Check out the following links below to get ideas on getting more money today.

How to get free money now

91 ways to make money fast


programs for credit card debt