One unfortunate side effect of the dramatic growth in the credit card industry over the past few years has been the increase in the number of consumers who are in debt trouble with their credit cards. In the current recessionary economic climate, with real estate prices falling and layoffs looming on the horizon, many consumers find themselves in a double bind: they are not only behind on their credit cards, but they also need IRS debt relief, or help with their mortgage, or are trying to avoid repossession of a car or other crucial asset.
Hundreds of companies are on the Internet, advertising debt relief programs for credit cards and other forms of consumer debt. The problem is that not all of these companies have the consumer’s best interests in mind, and not all of them work with consumers in the same way or with the same objectives. Let’s take a look at the main forms of credit card debt relief programs. Then, you can decide which ones sound right for you.
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