Credit card debt settlement has become the savior for a great many debtors. One more extremely effective way that US residents try to get rid of credit card debt is by enrolling into a consumer credit counseling service. This is comparable to what a debt consolidation loan can bring to the table, however no one is giving you money instead you make payments every thirty days to the credit counseling firm and they distribute it to your creditors on your behalf. The important gains of this method are a reduced interest rate and one monthly installment.