When in debt, many people look for a quick solution to solve their problem.

What they try to find is a magic debt consolidation credit card that has a low interest rate and a low minimum payment so that they can finance their debt and not change their lifestyle.

Not finding a magic credit card, they look for a debt consolidation service.

There are government agencies that help to negotiate lower interest rates on credit cards.

The problem is that using these agencies will result in a reduction in your credit score, and you will not be able to use your credit while you are paying down your debt.

There are also private services that negotiate with credit card companies to reduce debt.

One of the solutions to credit card debt that these companies may use is to have the person intentionally default on their payments so that that the credit card companies will settle for a lower amount.

However, even if the person accepts the destruction of their credit score and can tolerate years of harassing phone calls, sometimes credit card companies will not write off the debt.

The result is that a person may be left with even more debt at a higher interest rate, a history of default, and still owe a fee to the settlement company.

You cannot clear your debt using the same kind of thinking you used to create it.

What is needed is a long term plan as is offered in Eliminate Credit Card Debts.