When you say you want to eliminate unsecured debt, you are more than likely talking about settling all the credit card dues you may have piled up, along with interest, fees and charges.
Now you have options open to you allowing you to get out of the financial jam you are caught up in.
One way of gaining leverage over creditors in this case your credit card company, would be to go in for a debt settlement.
You can kick off this process by getting in touch with a debt relief network which can put you through to a settlement company which best full files your needs.
The networks have hundreds of such firms listed on their rolls who have excellent records when it comes to negotiating a good deal on behalf of their clients.
The better networks will not have companies tying up with them unless they have a success rate of 90 percent or above.
Once the appropriate settlement company is selected, in consultation with you, they will go in for negotiations with the card company.
Because the Obama administration is so firmly on the side of the consumer, the companies have no option but to enter into negotiations and you end up the winner once it is all over.
Usually you will find yourself having to pay far less than when before the negotiations started as the card firms willingly shave off a large chunk of the interest.
Some settlement companies can even arrange for an extended repayment plan as well giving you plenty of time to get your financial house in order and also make easy payments every month at the same time.
More and more people are seeking to eliminate unsecured debt using this method and by and large they have been very successful.
For one, they did not have to go into bankruptcy which severely damages credit history and also affects social standing.
For once, as you choose to eliminate unsecured debt, you will find that you have managed to put it over on your creditors.
And that too, legally.