Although the best debt relief is when you are forgiven for a debt, it is highly unlikely that it would happen if you are piled with debts. And you can find many ways to deal with those debts. You may need debt relief from credit cards or medical bills, either way you are not alone.
People are having bigger problems than missed minimum payments to the credit card companies, they are worried more about losing their homes. We can no longer buy things today we cannot afford because the banks have cut the credit lines.
Maxed out credit cards with no means to pay them may force you to think about bankruptcy for your debt relief plan. The current bankruptcy laws make it harder to liquidate your debts so it's harder to qualify and use this option. If you have $100 to repay your debts, you will have to pay back your debts for up to 5 years. This makes it more difficult to use bankruptcy as best debt reduction service.
This makes it harder to use bankruptcy for complete debt relief. That has made debt relief programs in the form of debt consolidation for all outstanding accounts in your credit cards a far better option.
Best debt relief comes from knowing all the options and picking the best one. They give you the info you need to get you out of debt.
The banks do not want you to go into bankruptcy if at all possible so they may want to work with you. The creditors will be willing to settle once you get 5 to 6 months behind on your payments. Even if the principal amount gets paired down after consolidation and the interest rate is lowered, they gain as much as you do. Getting their help through negotiations is the way to the best debt relief.