First is that in some cases the creditors will arrange a short payment plan, especially with larger amounts of credit card debt. (fastdebtsettlements.com)
Besides most banks don't like offering loans to people with high amounts of credit card debt. (uscaonline.com)
The total amount of credit card debt declined in 2009 and again in 2010, with a cumulative decline of 15 percent. (consumerfinance.gov)