Many people who find themselves in debt look for solutions from all sorts of places on how to get out of debt.
One of the places or people approach for credit card debt relief solutions is debt relief companies.
The most common advice given is that one can get to the bottom of credit card debt through debt consolidations in which all your debts are lumped up together into one single debt.
This is done by adding up all you debt together then seeking credit or a loan from the creditor with the cheapest interest rate and the most favorable terms & conditions.
The rationale behind this is that the debtor may have taken the credit from lenders [credit cards] that are charging very high interest rates.
By the debtor switching lenders of his principal amount he will be able to pay off the loan over the long term at a much reduced interest rate with lower monthly payments and penalty fees.
The debtor and creditor will also be able to renegotiate payment periods, and once the details of the contracts are settled the contract will all be dependent on the consideration of the creditor.
If you believe you can work out the debt consolidation process on your own, then you are capable of also going into negotiations with the creditors alone.
That is, if you have the knowledge, experience and some expertise on how to conduct the discussions professionally.
But in reality chances are high that you will not approach the negotiations with the above qualities.
When you are the debtor, the stress and emotions of the situation can get the better of you, therefore the best solution is for you to find the best debt relief company to handle the process for you.