Between irresponsible lending practices by large banks and creditors, as well as a tough economic climate with a lack of high paying jobs, many Americans are finding themselves going deeper and deeper into debt. In fact, American consumers are a whopping $11.13 trillion in debt of which nearly $849.8 billion is credit card debt according to a recent study. The numbers continue to rise. According a CBS news report, American debt rises by $75 million each hour alone. Though the statistics seem staggering, there is hope. Many Americans are now turning to debt counseling and debt management programs in order to achieve financial freedom. Debt management companies offer a variety of flexible debt solutions and debt relief services for those seeking relief from the burden of debt. Everyone’s financial situation is unique. Experienced debt counselors carefully review each client’s individual case in order to determine the best debt solutions for their needs. Many people wrongfully assume bankruptcy is the only way out of debt. Often times, this is not the case. Bankruptcy can result in a poor credit score for years to follow, which may make it difficult to reestablish good credit. However, many debt solutions, such as debt consolidation services, allow clients to make manageable monthly payments which in turn improves the client’s credit score. Perhaps one of the most important aspects of getting out of debt is staying out of debt. In addition to debt solutions and relief programs, many debt management companies also offer financial planning advice to ensure clients have the tools and resources they need in order to make better financial decisions in the future. Though getting out of debt many seem like a daunting, if not impossible task, it is important to remember there are a variety of debt solutions to help clients reach their financial goals.