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With all the news surrounding the recent debt stimulus package, it seems that credit card and other types of unsecured debt have been overlooked. The number one problem facing consumers in debt are credit cards. Unlike a mortgage or auto loan, unsecured debt has nothing that can be taken away in order to satisfy a creditor. Also, because of regulations passed two years ago, bankruptcy has a reduced effect on credit card debt.

Because of this, a good option to look into is creating your own debt stimulus package. This can occur through a debt management program or consolidation/settlement. Both options have the ability to end the cycle of debt in less than 5 years. This is particularly valid for consumers with higher interest rates (18% or more).

The key things to look for when building a debt stimulus package is quality of information and making sure the service is accredited by a national association like TASC (The Association of Settlement Companies). It is a small logo that is placed on the bottom of a page. As for quality of information, make sure the service has areas regarding news, consumer feedback, updates. Not just simply an online form.

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