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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.

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