There are undoubtedly many ways with which you can settle your debts legitimately. However whenever people get into debt and creditors keep calling every minute, they do not remember to follow the right channels to either acquire loans or credit card debt settlement deals.
As such, they end up borrowing money on top of loans with no surety that they will ever clear these debts.
If you have a credit card debt, an effective option which should be first considered is negotiating your debt with the credit card company. This is one option which is available for everyone more so because there is no eligibility criteria for choosing whoever is allowed to negotiate. The only catch here is doing the negotiation appropriately.
Once you begin the negotiating process which you can personally do or hire a debt consultant, you need to have sufficient proof that you are unable to raise the monies which are owing. However, if they can reduce the figure down 60%, you can be able to repay it. They can either accept or reject the offer after which your case can be referred to a collection agency. Meanwhile, you should ensure that you have cut down on your expenses, in case they will not agree on the figures you are proposing to pay. You need to be prepared to pay some money if not the full amount that you owe the bank.
Another alternative would be considering loans for the unemployed people. Using this option, you can pay up your credit card debt and remain servicing this loan. You don’t need to have a source of income to apply for one. If the credit company agrees on the money proposed, ensure that you write down the terms of payment. It’s always important to have proof of this kind and not just some verbal agreement.