Yes, credit card debt relief. avoiding bankruptcy and rebuilding your credit is possible with a very simple plan. I used this plan to turn my life around, and you can too. For many Americans' today credit card / consumer debt is the biggest financial problem they face. Let's face it you will always have a mortgage and car payments, these are necessities of life. This only leaves consumer debt as an avenue to improve your financial life immediately. Reducing your families debt could greatly improve your overall life and happiness. So you are probably asking yourself where's the catch, well there is no catch here.

The plan is simple. Gather all of your bills and sort them. Your mortgage and car payment go together with all of your monthly utilities and any insurance policies you carry. This stack is the ones that everyone must have. Take all the ones that are left and place them together. This is the stack we will eliminate. Start off by making a list of the payments and pay-off balances of each one. The one that has the lowest balance is where you will start. Now the hard part of this plan is starting it, you must carefully examine your monthly expenditures on everything other than bills. These items would include entertainment, clothing, gifts, etc.. All of us spend money that we do not realize we spend, this is the money you will use to implement this plan. I know, everyone says they don't have any extra money. Do this exercise to see if you have it or not. Add up all your bills, groceries, fuel for vehicles and any other absolute necessities +10%. This should show your total expenses.

Calculate monthly household income this includes any money that comes in to the home on a regular basis. Subtract the former from the later. This is extra money that we all blow and don't realize it. Now divide this amount by 3, now we will pay this extra amount to the bill with the lowest balance. Once this first bill is paid off you will take the payment amount of that bill + the amount extra you were paying to it and start paying it to the bill with the next lowest pay-off. As you pay-off each bill you continue to add the payments from those bills to the next one on your list. Soon you will be paying a sizable amount in extra payments. It will not be long and you will have all of these bills paid off. It is important that you do not go out and use the paid off credit cards to make purchases. Remember you are still paying out the same total each month amount as you were before.

Once I paid off all my cards I continued to set the money aside in a bank account, this bank account soon took the place of my credit cards and I got rid of them. I now call this bank account my credit card account, the only difference is I pay my payments in advance. Plus the bank pays me interest instead of me paying them. This may not be easy, but it is simple and in the long run doing this may one of your best decisions ever. Today I can enjoy life more because I don't have the burdens of consumer debt to worry about.