Credit debt relief is any form taken to remove, ameliorate or reduce the amount of debt an individual carries as the result of their credit. This can refer to both loans and credit cards. Credit debt may also include any other form or means of increasing the debt load beyond the means to pay back the monthly amounts systematically if at all. Credit debt relief is offered by individuals, government resources, nonprofit groups and for profit companies. There are debt settlement companies, debt management businesses and credit repair agencies. All offer specific services, all come with certain restrictions, possibilities of scams and possible improprieties. In all instances, credit debt relief requires working with the debt holders or lenders while you restructure your financial payments. Some can only find credit relief through declaring bankruptcy; others opt for a loan consolidation approach. You should, in all instances put together a basic financial plan to help recover from the current situation and work on improving the future financial status.