If you are a debt-ridden consumer who is searching desperately for an easy and rapid debt reduction method, the process may be a bit more complicated than you expected. While solutions such as a bankruptcy and debt settlement may appear to be the best bets for consumers looking for a quick shortcut out of debt, these options can both have long-term implications for your credit rating and your financial well-being. In truth, unless you have a very small amount of consumer debt, you will be unlikely to find a rapid debt reduction solution that is legal and comprehensive. However, with a bit of creative budgeting and a diligent commitment to debt reduction, you may be able to slash your overall debt in as little as one to two years. There are many "how to" guides on the market that advance methods for systematic debt reductions; choose the one that resonates with your values and lifestyle. Be sure to steer clear of "experts" who offer outlandish advice and advance an unrealistic timetable for getting out of debt.