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There are 4 different debt consolidation options to choose from when looking for how to lower your credit card payments.  Lowering your credit card payments can only happen in a credit card counseling, debt settlement and with bankruptcy.  These three options are available to those consumers with $10,000 or more in credit card debt, medical bills and other unsecured items.

With a credit card counseling program you will not be able to lower your credit card payments because the creditors will require that you pay back the full amount that you owe plus fees and the reduced interest rate.  Typically about 75% of the people that enroll in a credit card counseling program drop out within the first 6 months.  The main reason behind the fall out rate is that the person with the credit card debt did not lower their credit card payments but rather just reduced the interest rate.  If you are just looking to pay a company to pay your credit card bills for you credit counseling is the route to take.  Don’t expect to lower your credit card payments in anyway.

Your second option to lower your credit card payments is to file bankruptcy.  Acutally you won’t be lowering your credit card payments you will be eliminating them all together.  If you have found yourself in a situation whereas you are looking to file for bankruptcy you should contact Everest Debt Solutions for a free quote to see if a debt settlement program can lower your credit card payments for you.  Bankruptcy will lower your credit card payments but it will also limit your borrowing opportunities both in the present and in the future.

The truest form of how to lower your credit card payments is with a debt settlement program like the one offered with Everest Debt Solutions.  Debt settlement works by negotiating settlements on the balances owed with your creditors.  Our experience has show the we can work with creditors to settle your debt for roughly half of what you owe.  Lowering your credit card payments at that point is simple math.  We can use the estimated settlement amount including the program fees to lower your credit card payments.  Typically debt settlement will cut and lower your credit card payments by up to 50%.

For a free quote on how to lower your credit card payments call 1-800-258-4131 and ask for a specialist at Everest Debt Solutions.