Are you in trouble with your finances? Are you worried about paying your credit card debt? Dealing with credit card debt requires time and effort, but it is only temporary. The fact that millions of others have been able to pull themselves out of deep debt means you can do it too. Here are five options for credit card debt relief.

#1) Address Your Debt Collectors. 

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It’s important to understand the law that specifies what should and shouldn’t happen when a debt collector asks you to pay. The federal law, Fair Debt Collection Practices Act, clearly states that those collecting debts may not bug you, give false assertions, or do practices that are not fair when attempting to collect money from you. 

For more information, check out the Federal Trade Commission Debt Collection FAQ Page

#2) Make a Budget. 

Buget worksheets

If you want to take control of your financial situation before you lose everything, making a budget is what you should do first. Assess how much you get from your income or other means and how much your expenditures are every month. 

For more information, check out my book How to Budget: On ANY Income

#3) Consider Bankruptcy. 

Bankruptcy Paperwork

Generally, personal bankruptcy is the last choice to fix your ballooning credit debt. A bankruptcy stays on your financial information report for years. If you have exhausted all options, consider hiring a bankruptcy attorney to determine if bankruptcy is right for you.

#4) Contacting Your Creditors. 

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If you have trouble paying off your debts, address this immediately with your creditors. State to them sincerely and fully why it has become hard to pay these debts and check if they could give you a revised payment arrangement that will put you at ease on your payment terms. Do not let creditors turn over your situation to someone or an agency, as this means they have given up on you.

#5) Credit Counseling. 

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You could also consider getting the aid of groups or institutions to help you with your problems. If you managed to have an improved payment arrangement of your debt with a good credit counseling organization, creditors may approve of your proposition and accept your modified arrangement plan.

For more information on credit counseling, check out


Debt-Free Starts Here

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Imagine seeing your high interest, high balance credit cards near zero.

Imagine having money to put towards more important things such as savings, investments, and retirement.

One day debt will no longer have control over your life.

All of these options may not be appropriate for your needs. Always speak with a qualified professional who can assess your finances and determine the best method.