credit card problem

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Debt settlement programs helps to lower your payoff amount by around 40% to 60%. All you need to do is save 50% of the outstanding balance in the trust account created by the settlement company. The representatives at the company will negotiate with your creditors to reduce the total debt amount. You can also settle your debts on your own if you have good negotiation skill. However, you may know that debt settlement hurts your credit score.

Debt consolidation program helps you consolidate all your bills into one monthly payment. Once you enroll in the program, the consultants will negotiate with your creditors to cut back the interest rates on the loans. When the creditors agree to do so, the consultants will offer you an alternative repayment plan. After that, you'll have to make single monthly payment to the consolidation company, who will forward the money to your creditors after deducting their fees.

In a debt management program, the company offering this program will negotiate with your creditors to reduce the interest rates on the outstanding loans. This helps you lower your monthly payments.

To know more about the programs, read through the following pages:
http://www.debtconsolidationcare.com/program.html
http://www.debtconsolidationcare.com/debt-management.html
http://www.debtconsolidationcare.com/debt-settlement.html