If you have fallen for the advertisements that come into your mailbox each month then you are just one of millions of Americans that have a very difficult time paying your debts off because of the recent job losses that they have experienced.
Many Americans want better lives, and they have been sucked into the lie that a charge card can help them.
If you have been spending more than you earn every month just like many of us Americans do, then it is safe to say that you are now looking for a solution to get out of credit card debt fast.
Many Americans have gravitated towards the new stimulus package that allows any American to erase their credit card debt if they owe more than 10k to a creditor.
However, not all Americans qualify for this new package and many are left in arrears without hope of ever getting out of credit card debt.
It is best to come to terms with how much you owe and begin to write down a plan that can help you finally overcome this problem.
Many Americans have taken this stance and called their creditors and have admitted to them that they are no longer able to make their payments on time anymore.
When this happens, you will be transferred to a hardship program that will allow you to make reduced payments at the same interest rate for a period of 90 days.
After this period of time your account will be reevaluated and then you can reapply for another 90 days.
Getting out of credit card debt can be very difficult if you still continue to charge.
The best piece of advice that we can give is to cut the charge cards up, use cash, and begin to make payments of at least 4% of your balance every month.
This will help you get out of credit card debt twice as fast.
Don't push your credit payment to the back burner, it will hurt you in the long run.