Free Debt Advice to Reduce Credit Card Debt

During the recent recession, more and more people all over the world are falling into debt, getting further behind with bills, and using credit cards to keep their utilities paid, while only burying themselves further with credit card debt. Even worse; the effect is that young people are learning the same habit from the adults, so serious debt among college students is not unheard of. However, finding effective help for your bad financial situation is not out of reach, and with a well-planned strategy, debt advice, as well as a responsible, disciplined attitude, can get you back on the path not only to debt consolidation, but to financial success!

For free debt help, read the tips below:

1. Your first step towards getting credit debt help should be to obtain a copy of your credit report from all of the major agencies, and review the information therein. Determine that all of the information is both current, and accurate. Call the institutions where your accounts are located, and report any inaccuracies, as well as the credit agencies, and be sure all inaccurate or non-current information is updated accordingly.

2. Next, consult with your mortgage lender, if you have one, and discuss any inaccurate information in your credit report, if there is any. Ask for the representative to point out any information or entries on your credit score, originating from their company, which you don't understand. Many credit card company representatives are usually eager to offer advice for credit card debt settlement.

3. Now, review your credit score information for past-due balances from accounts that have been closed. If you can pay any of these right away, do so. For the debts owed that cannot be paid immediately, call the companies, and try to negotiate a payment plan that works for your debt settlements. Believe it or not, most companies would rather work it out, than see you file bankruptcy.

4. By searching online, or inquiring at different government offices, you can also determine whether or not you may qualify for a debt consolidation loan, or even free grants that the government currently has available for families in debt crisis, and the grant funds are used to pay off any current bills. These grants can help eliminate credit card debt.

By following these four steps, and making efforts through researching, making inquiries by phone, and consulting with the institutions you owe money to, debt consolidation doesn't have to be such a nightmare. Try some bankruptcy credit counseling; although filing bankruptcy credit card debt doesn't have to be the only option. There are plenty of ways to consolidate your debt, and salvage your credit score without having to start all over again from scratch, including credit debt counseling.