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If reducing your credit card debt is one of your goals, turn it into a SMART goal to make it easier and simpler to achieve. By doing that, you will pluck debt resolution out of the domain of dreams and plant it firmly into reality.

The holidays can be a great time of year to spend time with your loved ones and kick back and relax. Be generous with your time and love, but make a pact with yourself this year to avoid getting caught up in the moment and being a bit more generous than you can afford to be with the material giving.

A simple Google search on “debt settlement feedback” reveals that people either love or hate their debt settlement company.

Are you thinking about negotiating the reduction of your debt directly with your creditors? You may want to think again.

Whether you think that you need credit card help or not, it always pays to match your financial situation against a few metrics that can provide a reality check about credit card debt in general. 

Some may view bankruptcy as a reasonable way out of debt and an opportunity for a fresh start. The damage bankruptcy does to your finances, however, is life-disrupting and lasting.

Although sometimes confused or even used interchangeably, debt management and debt settlement are significantly different ways of tackling debt.

Debt settlement saves you money by shaving off a set amount of your loan principal. You will, however, owe taxes on the money you save this way. In many cases, it qualifies as income, and you need to report it as such to the IRS.

According to a ValuePenguin study, credit card companies generate approximately $213 from each active credit card account per year. That translates to billions of dollars annually.

If you are struggling with a heavy credit card burden, you owe it to yourself and your family to explore all your debt relief options. The sooner you do so, the sooner you can find your way to true financial freedom.