When your credit card debt tops $50,000, understanding your relief options is critical. Getty Images/iStockphoto

Credit card debt has been climbing steadily over the past few years and recently hit a new milestone when it topped a collective $1.21 trillion nationwide . At the same time, the average annual percentage rate (APR) on credit cards assessed interest is hovering above 22% , making it harder than ever for cardholders to keep up with their monthly payments. For some credit card users, though, the problem is even bigger: They're facing balances that exceed $50,000, spread across multiple high-rate credit cards .

If you're in that situation, you may be looking for a way to avoid bankruptcy while tackling the problem head-on. One option that often comes up is cred

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