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FREE REPORT: "How To Eliminate Your Debts Quickly
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Unpaid credit card debt seems to be an unfortunate sign of our times, but there are things you can do to help turn your financial situation around. It will take work and for some, depending on their situation bankruptcy may be the only answer. But there are several debt relief options that you can look into first.

Put your credit cards on ice. You are just digging the hole deeper. You have 4 basic options for credit card debt relief. Here is a quick overview of how they work:

1. Pay them off yourself- This takes a lot of discipline. You must stop using your credit cards. It will be necessary to decrease your monthly expenses and try to find extra money. You are also going to have to be able to pay more than total minimum payments on your accounts. If this is not an option, you may want to consider debt counseling.
2. Credit counseling- This is a form of debt consolidation without a loan. Your credit counselor works with your lenders to reduce your interest rates and eliminate your fees. You will still need to be able to make about a 2 percent payment each month. Your credit counseling company will be paid one payment each month that they will distribute to your consumer lending companies. Your credit card accounts will be closed, but your credit will most likely remain in tact as long as you fulfill the terms of your debt management agreement.
3. Debt settlement-This option is a reduction on your credit card balances through negotiation with the lender. This options will have you debt free in the least amount of time, but it will most likely trash your credit. Many individuals that select debt reduction have already had issues with their credit. You can negotiate directly with your lenders, but you should be prepared to pay the negotiated balances in full. There are services that will negotiate to have your consumer accounts reduced. if you are thinking about bankruptcy, debt settlement can be another method.
4. Bankruptcy-This is not the free ride that it used to be. In most cases, it will be a reorganization of your current unsecured debts. This should be used only as a last resort. It will stay on your credit record for 7-10 years. Bankruptcy has to be done through the courts.

Unpaid credit card debt can lead to a lot of stress and make your life miserable and but it will not go away without you taking the steps to eliminate it. The sooner you take those steps, the sooner you can be on your way to debt freedom.