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Home > Ask The Get Out of Debt Experts > I’m Looking for Debt Relief for $20,000 of Credit Card Debt. – William

I’m Looking for Debt Relief for $20,000 of Credit Card Debt. – William

“Dear Steve,

I have just over 20,000 in credit card debt and was wondering if it was worth looking into debt relief. I have an excellent credit score and am still working, but making little payment on by debt. Is it worth ruining my credit score or does it not affect it that much at all???


Dear William,

The first step would be to look at a possible fixed rate unsecured debt consolidation loan from If your credit is excellent the interest rate will be low.

LendingClub is a peer-to-peer lending network where ordinary people help to fund the loan requests of other needing help. I happen to be one of those people that helps to fund loans.

Take a look at and see if that will accomplish what you are looking to do. If not, come back and post a comment and we’ll take it from there.

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • danny

    Well that is great to know.

  • danny

    Well that is great to know.


    This is to Notify you that Mr..ELLIOT IYERE is Currently offering Loan to the needy at a low rate 0f 3% and with no credit check, we offer Personal loan, debt consolidation loan, venture capital, business loan,education loan, home loan,or loan for any reason if you are interested contact via for more info.provide us this info below ok.Name…….Country…………State…………Loan Amount Needed………….duration of loan………….Phone

    • Steve Rhode

      Dear Mr. Elliott Iyere,

      You are a scam. Thanks for warning people about yourself.


      • http://Website John

        Please elaborate. I have bad credit and am in need of a loan. Mr Elliot
        contacted me.

        How is it a scam?


      • Steve Rhode


        It is the classic up-front loan fee scam. The email used by Mr. Elliot is the same or similar one that has been used for years to lure people in. The minimal information requested will lead to an approval and then a demand you pay some money up-front before the loan is granted. After that, the loan magically never appears. If you need a loan go to your local bank or try


      • Mr.Mark Smith


        By way of a proper introduction, I am Mr. Mark Smith Sr. Director and CEO Smith Loan Investment. Presently I own 45 of the shares in CGP(Capita Group PLC, London) a government approved Financial Institute. We are currently setting up a scheme in form of Loan acquisition to help various individuals as well as organizations who have intentions of renovating, debt consolidation, re-financing and also establishment of business outfits. I am an international business man and Lender that has offered Loans to so various individual and firms in Europe, Asia, Africa and other parts of the world. We give out our Loan in USD($) and GBP(£). Contact us via Email
        If you are interested in a loan, Please, do complete the short application form given below to enable me provide you with the Loan Terms and Conditions and i promised to help you out okay.

        Your Name:______________________
        Your Address:____________________
        Your Country:____________________
        Your Occupation:__________________
        Loan Amount Needed:______________
        Loan Duration:____________________
        Monthly Income:__________________
        Cell phone Number:________________

        Contact us via email:
        Have a nice day and God Bless you.
        Warm Regard
        Mr.Mark Smith

      • Steve Rhode

        This comment above is a great example of what an upfront fee loan scam looks like. Beware.


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