Stop immediately...Are you among the millions of credit card owners that are buried in credit card debt and are looking fora away tog get out of $10,000 or more in debt. If so then read on for debt consolidation information....These days just about every one is buried in some type of debt... especially credit debt. The averagehousehold now carries over $4,000 in debt. But unfortunately there are some households that carry atleast $10,000 in credit debt or more. For those that are looking to get out of this crazy amount of debt,read on.When it comes to trying to get out of debt you need to know your options. Knowing and being aware ofyour options can be the difference between getting out of debt and being forced into filing bankruptcyand losing your shirt.You have the option obviously to either file for bankruptcy or take a settlement agreement.If you decide to take the "easy" way out by filing for bankruptcy you have to realize that it stays onyour credit report for the next 7 to 10 years. This will result in you paying higher interest rates onanything, I mean anything that you plan on trying to finance.This includes cars, homes, personal loans. student loans, credit cards for emergency funds. And in somecases and depending on the creditors you might not even be qualified to take out financial loan on yourown.Your other option is to take advantage of debt settlements debt consolidation information. Takingadvantage of debt settlements gives you the chance to settle for a lower amount of debt than youcurrently owe on. Lets say you owe about $10,000 in debt right now.When you decided to take advantage of a settlement, you can expect to only have to pay back about$5,000 or less. This can be a breath of fresh air for those that would like to get out of $10,000 in creditcard debt without having to lose their shirt.