Many Americans have bad credit, and most feel the pain now. They feel better responsibility and independence. Credit card debt consolidation is the solution to all of that.
The most difficult part is that consolidation is meant to buy you time. But luckily for you, there are many credit card companies that start cutting the payments before you have even finished the introductory offer.
The best option for you is this – consolidation offer, in which a single balance is transferred to an unsecured debt, without making any payments until you get to the next ‘sub-prime’ – consumer loan. There are many credit card companies that transfer a balance of $5,000 to an unsecured debt, and then the debt is paid off gradually, leaving a line of credit. If you are using a prepaid debit card – it is better; prepaid credit cards will keep from making any payments until the debit card is paid off.
The same is true for your online debt consolidation. With a few clicks of the mouse, you can simply put your information on the ‘blocked’ Internet site, and that is that much easier.
Since you don’t have to fill out an application form for a legitimate debt consolidation company, most Americans do. They just mail a form on the ‘Back’ button. Many of the companies that send out ‘application for debt reduction’ mail something along the lines of, ‘Approved’; this is the ‘application for debt consolidation’ notice you are looking for. By either going through the intermediary of a legitimate company or filing an Internet application, you’re assured that you’ve ‘applied for’ a debt consolidation loan.
If you’re a concerned consumer, a ‘back-up credit card’ may be the way to go. With a company that is able to process your ‘back-up’ card as part of your consolidation program for a low fee – ‘Approved”’, you may end up paying a little more than you might pay just by signing up for your debt consolidation loan. It’s all up to the individual’s financial management and needs.
Of course, you can always go to a company that’s ‘approved’ and work toward a consolidation deal for your debt. If you’re lucky, it’s possible that by spending a little more each month ‘application for debt consolidation’, you will save hundreds, perhaps even thousands in interest payments and possibly even an extra hundred or more by simply registering with the proper company.
When you consolidate for a specific interest rate or payment, go ahead and pay it off for a few weeks. Then, go online and check out the results on the report.
Online Credit Card Debt Consolidation Scams
There is a wide range of scams out there and it is very sad that the industry has become so rife with untrustworthy and unethical practices. There are even some credit card debt consolidation companies themselves that claim they can remove bad debts from your credit file – even if you don’t have any at all. Is there any truth to this? Many of these companies will just charge you a fee and ask for your information and then when you get to the payment options they make promises they can deliver for a few months, sometimes up to a year, but with very little risk to the consumer? Is there a better alternative?
The truth is, we can do nothing but blame those that are doing this to their consumers. Only time can be our only path to rebuilding our credit. There is a great article here that can help answer some of the questions you may have. The purpose is to give a concise answer as to what you can do to make sure a debt consolidation company can work for you. In short, there are a lot of reasons why a professional can help you out with debt consolidation. But, what are the most? Do you have any other tips to help you with debt consolidation? If so, then I would like to hear from you. Sound good?
1. Call and Tell Them How You Can!
Tell them exactly how you can do this for free if you want to. Don’t be lured into temptation by phone calls; call them immediately. The industry is highly trained in this where you can tell them all you want to talk to and there is little or nothing they can do for you that you would not want when you do the work for you themselves. That is where the power comes in. Tell them how you can do this for free, without a fee and also let them have a look at you.