Credit Debt Consolidation Via Credit Counseling

People today continue to struggle with credit card debt, but why? There are many ways to help your financial situation. Credit card debt consolidation without damaging your credit long term, without bankruptcy is one way. Lower your interest rates and maintain your credit card payments on a monthly basis without actually having to call your credit card companies. Consumer credit counselors will work with your creditors and help you obtain an interest rate that's manageable. Sick of paying 24% for a loaf of bread you bought two months ago. Consumer credit counseling helps you lower your rates to where you can see the light at the end of the credit tunnel.

Credit Card Debt Consolidation - Did YOU know?

Did you know that paying your credit card earlier than the due date will help you save money? It's true. Credit Card companies charge interest on a daily basis, so cardholders who carry a balance from month to month will actually pay more over the long run. For Example, if you carry a balance of $10,000 at 18% and make a minimum payment of $350, which is the typical minimum needed by the credit card industry at 3.5%. And you wait until the last day to make the payment you are being charged interest of $9,989, but if you make the payment on the 2nd day of the billing cycle you are paying 18% on $9,661. This will save you around $60 a year, or enough to buy a combo meal a month.

Credit Card Debt Consolidation by Debt Settlement Part 2

If you are like most consumers out there and just want out of the debt without the hassle of dealing with interest rates, you should look into debt settlement. Yes, debt settlement does have a negative feel to your credit, but when you are able to obtain financial freedom, is there really a price behind it? Or like in the commercials…its priceless!! I think debt settlement is one of the most under rated ways to help eliminate consumer debt in the market today. We had a client who owns his own garage business and was paying upwards of 25% on a daily basis to keep it open. He turned his debt over to us and we were able to keep him in business and settle his debt for 24% of what he actually owed the creditor. By the way, we still get our cars serviced at his garage.