Credit card for consolidating

There is no such thing as federal government credit card debt relief, grants, consolidation, or forgiveness programs.

Be wary of any advertisement touting special insight into new laws or government-sponsored or funded programs.

A credit card is different from a charge card, where it requires the balance to be repaid in full each month.

In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged.

Avoid working with any company suggesting they help you tap into an obscure public-sponsored financial assistance program. Private for-profit and non-profit companies do help borrowers struggling with credit card debt. Unsecured debt includes credit card balances, unpaid medical bills, and personal loans.

The company negotiates with the banks in an attempt to reach a settlement for less than the full amount.

That’s why our helpful tools, researched advice and expert recommendations are totally free. Our award-winning editorial staff is serious about following our editorial guidelines to ensure editorial integrity.

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Many of these options work hand in hand or as part of a larger debt reduction program, but in general, these are your choices: Debt Settlement: Settlement is the process of negotiating with your creditors in hopes of reducing the total amount of debt that you owe them.

At Nerd Wallet, we spend literally 1,000s of hours researching partner offers and following strict editorial integrity to match you with the perfect choice.

We even share how we make money so you can enjoy our expert advice and researched recommendations with total clarity and confidence.

This is the first six digits for Master Card and Visa cards.

The next nine digits are the individual account number, and the final digit is a validity check code.