You may think that the only way to reduce debt is to declare bankruptcy or pay off your credit cards and loans, but there are other, short-term options available. In fact, debt reduction help is more available today than ever before, it's just that not all of it is legitimate. Some of the new companies that are springing up are out to take advantage of unwary consumers and make a quick profit. However, if you find a reliable company, they can help you consolidate your credit card debt, negotiate for lower interest rates, and even lower payments. They can also manage your debt so that you have only one payment to make to the debt reduction agency, which they will distribute to your creditors. The National Foundation for Credit Counseling recommends non-profit services because they generally charge lower fees and provide more reliable service, otherwise they wouldn't be accredited. But take the time to find the counselor that works for you, or check with local agencies to learn the best debt reduction help available in your area.