Debt Solutions

The average amount of credit card debt in the US is around $8,000 per household, with an average interest rate of over 18%. Making just the minimum payments on credit card would mean it would take many many years to pay off that kind of debt. However, there are now many more solutions to debt problems available. We will introduce you to the different kinds of debt solution out there so you can make the right decision for you to getout of debt.

Debt Management

Here at Debt Away, we specialise in providing debt management solutions to those with high credit card debt. Debt management means we work with your current creditors to reduce you interest rates and monthly payments so that you aren't struggling to meet your monthly payments and so you can get out of debt sooner.

Get a quick quote now to see how much you could be saving >>

Debt Counseling

Debt counseling is essentially the same as debt management. This solution involves a debt counseling service renogotiating your interest rates and monthly payments to make them much more manageable and easier to pay off.

Get a Debt Counseling quote now >>

Other Debt Solutions

Debt Consolidation Loans

Debt consolidation loans involve taking out a new loan to cover existing loans. This kind of debt solution often means using you home as security for the new loan. If you aren't a home owner or aren't comfortable using your house as collaterrol for the loan, this may not be the bestkind of solution for you. Otherwise, it can offer a low interest and tax efficient way to pay off your debt.

Low Interest Credit Cards

Another option is to transfer your current balances onto a new lower interest rate credit card. Many cards offer special lower interest rates for balance transfers. However, if you have been struggling with your debt your credit score may have been affected. This could mean that you may not qualify for the low interest rates.

Your own circumstances will determine which debt solution is best for you. Finding out about the different options available will help you make this decision.