If you do have larger debt amounts, you can either use a home equity line of credit or use a credit counseling service to eliminate credit card debt. Using a home equity line is usually only beneficial if you have a large credit card balance and cannot escape a large percentage rate on your credit card financing for various reasons. If you use a home equity line, you can then get a lower interest rate through the bank and eliminate credit card debt by paying the balance off in full. If this option will not work for your situation, you can use the assistance of a credit counseling service or a credit elimination service. Credit counseling services negotiate with credit card companies to get lower monthly payments that go towards the debt and not the interest so you pay off the debt faster. Credit elimination services are usually a last resort and for use in extreme situations. These companies work on your behalf to negotiate with credit card companies to eliminate credit card debt without payment.

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