Everybody is facing credit card debt now a day’s due to recession of last year which is the root cause if you want to get rid from the burden of credit card debts then here is few tips by which you can save from bankruptcy. The last financial year was very upsetting not only for the American citizen but also for whole world most of people lost their jobs and those who have experienced a decline in wage rate. As people facing the problems of funds so how they can pay back the lenders money or debt in small time span.Federal administration introduces many solutions to save economy debt settlement is among them. Debt settlement is on the top of the credit card debt relief tips because by adopting this process a person will get rid of debt in no time. Credit resolutions have its own place because it is the only process through which people will get 50 % reduction in their debt.The process is controlled by highly trained and skilled negotiators own by settlement companies so their experience plays an important role in reduction of debt. The negotiators or financial gurus negotiate with your lender to reduce your debts and explain some of the legal terms if the lender or financial institute is not convincing then at last stage the negotiators use the threat of Bankruptcy and tell your lender that your customer is going to file bankruptcy. If borrowers use this option then total loss to the lender and financial institute. This threat really so to get save from total loss lender and financial institutes agree to give you reduction in your payable amount and also try to decrease interest and also gives you extension and easy installment.After getting rid from debts by using debt settlement, debt consolidation or with the help of others method then the person is advise to use credit card in hour of need and don’t use it for luxury items. Normally seen that credit card is use to get luxury items but if your pocket condition is not allow you to use luxury item then one must stop to use it. Also make habit to use hard cash in day to day use. Keeping these tips in mind a person will easily come out from the burden of debt.