How do I get rid of credit card debt fast?  Being in credit card debt can be a frustrating and scary experience.  The over the limit fees and the late fees can get burdensome if not pushing you over the financial edge.  If you have your back against the wall you do have a few options.

What Is The Quickest Way To Get Out Of Debt?

The two fastest ways to get out of debt are either bankruptcy or debt settlement.  A chapter 13 or chapter 7 will take the financial burden off of you the fastest.  A chapter 7 bankruptcy is a total liquidation of the debt while a chapter 13 is a debt workout program.  You will have to make payments over time to your creditors.  Once you have completed your bankruptcy program you will be discharged from the bankruptcy.  The bankrutpcy will appear on your credit however for 7-10 years.  You will be excluded from buying a home for at least two years from the discharge date with a bankrutpcy on your credit report.

Debt Negotiation Is A Fast Way To Get Rid Of Credit Card Debt

If Bankruptcy is not for you, credit card debt settlement may be the best option for you to handle your credit card debt.  Debt settlement and debt negotiation are a way to work with your creditors to negotiate on the original principal balance.  Debt settlement has no long term negative effects on your credit report like a bankruptcy does.  In fact it is possible under Fannie Mae home loan guidelines to buy a home.  In fact some people in debt negtiation programs are able to buy home even before their debt program is complete.  Fannie Mae loan guidelines allow for up to $5000 in open collection accounts without loosing eligibility to buy a home.