Hold on just a minute...I want to make sure that if you are reading this article that you are serious about trying to get out of credit card debt. If you are among the millions that are buried in credit card debt, and are looking for a way to to be debt free then you should read on.

So you are buried in credit card debt huh. Being buried in debt in never fun and by reading each and every single word of this article you will discover 2 important tips that will help you in getting out of debt without having to lose your shirt.

One of the first things you need to ask yourself is whether or not you are actually responsible for the debt. When it comes to creditors trying to collect on your debt you should be aware of the laws that protect you.

If you do not know already, there is a 7 year statue of limitations before your debt is forgiven. This means that if its been past 7 years since you last made a payment on a debt, you are free to walk!

But you don't want the creditors thinking about you as dead beat in the future though. Because you will never know when you just might need a helping hand when it comes time to borrow a large amount of money to get your through the tough times.

The next important tip that can help you if you are serious about being debt free is to take advantage of settlement agreements. Settlement agreements gives you the chance to settle your outstanding credit card debts without having to fork over your home or your grand kids savings!

In many cases you can expect to lower your outstanding credit card debt by as much as 50% or more.