Many consumers in debt have been hearing about the term credit card debt bailout. In some cases, consumers tend to believe that there are bailouts and grants for their debt burdens. This simply isnt true. Think about it. If there really is a government bailout, dont you think the announcement would be plastered all over the news? This belief is actually not their fault. It is the result of a wide range of advertisements available in the media today.Some debt relief companies advertise their programs as part of a government initiative. This is an advertising deceit used to grab consumers attention. But this does not suggest that effective credit card debt relief programs are not available out there. In the contrary, there are many legitimate companies that can offer credit card debt bailout and will help you eliminate debt effectively. They may help you become debt free without having to declare bankruptcy.If you are in search of a credit card debt bailout or grant, there is a close alternative which is called debt settlement. This program is quite unique compared to other various credit card debt relief services. Debt settlement reduces the principle balance of your debt through a negotiation process with your creditors. In this program, a professionally trained debt settlement agent works to negotiate debts with creditors on your behalf.This is the quickest way of settling credit card debt other than bankruptcy. This program takes about 2-4 years for you to be completely debt-free. With this process, your monthly payment will be reduced as much as 60%. If you are being harassed by collectors, the debt settlement consultants will employ various strategies to eliminate or reduce the harassment. Beware of the potential negatives of debt settlement. Your creditors may threaten a lawsuit against you for non-payment of your debt. Also, your credit will be adversely affected. If you do decide that debt settlement is right for you, make sure the company offers attorney consultation and a credit repair program to get you back on your feet after all your debt is settled.You should be wise in choosing a program that offers credit card debt bailout. Many qualified debt settlement firms can give you the chance to discuss their program for free. This will give you a chance in return to learn more about the program and decide if the program is right for you. Individuals have different financial situations that should be considered.