Tremendous Help From Credit Card Debt Consolidation

Many are those Americans who are knee deep in debt, particularly credit card debt. Consolidation programs however can be instrumental in providing a good solution to the problem, with benefits received almost immediately.

Recent government data reveals that Americans have personal debt today like never before in our history. Very often, credit cards are used to make ends meet until the next payday or until the end of the month. If that’s what it takes then that’s what it takes.

Yet credit card debt can quickly grown and even spiral out of control. Credit card debt consolidation has been designed to remedy the problem and provide much-needed relief from credit card debt.

Consolidation involves just that – the consolidating of credit cards into a single monthly payment. This can be achieved both with or without loans. This is important to note because with credit card debt consolidation, it matters not if a person has good credit or bad credit or if they own a home.

Credit card debt consolidation typically depends on how much credit card debt one has. If it’s $10,000 or more, in most cases the consumer can enroll in and receive the benefits of credit card debt consolidation, regardless of their credit history.

Consumer Credit Counseling: Shop Around

Not sure how to choose a credit-counseling agency or debt management company? These guidelines can help.

Comparison shop

Tip No. 1 is to comparison shop. You’ll want to check out services and fees carefully.

Just like everything else, shop around. You should be able to get decent, affordable credit counseling without paying several hundred dollars a month. Get the low down on fees from the get-go. Avoid companies that charge a large fee and promise to return it upon completion of a debt-management program.

Get the facts. Everything should be disclosed upfront. The costs of service should be straightforward and reasonable. Don’t forget to ask about services beyond a debt-management plan and debt consolidation. Is a free budgeting session available? What kinds of fees are charged for any additional counseling services?

The service should go beyond consolidation of debt. Providing budgeting advice and education is also important.”
What does nonprofit mean?

How is the counseling agency or company funded? Be aware that not every nonprofit agency has your best interests at heart. Some nonprofit counseling agencies charge high fees and others are run by people looking to line their own pockets.

Nonprofit doesn’t mean cheap or affordable, or even good. We ask people to delve beneath the surface. Check the reliability and reputation of the company.

Certification for counselors

Is the agency accredited through an independent, third-party association such as the Council on Accreditation? Are counselors certified? If not, what kind of training do they have? Members of the National Foundation for Credit Counseling and the Association of Independent Consumer Credit Counseling Agencies are all accredited agencies with certified counselors.

How much time is the agency willing to spend with you to discuss your particular financial situation? Don’t let anyone pressure you into a quick decision.

Do they spend a lot of time with you? Plunkett asks. Are they shoving a debt-management plan at you within the first 10 minutes? No matter what anyone says, there are no quick fixes when it comes to credit problems. Be skeptical of companies that promise otherwise.

There’s no magic bullet. There’s no quick, easy fix. They’re going to have to be patient.

Going it on your own

And you don’t need to pay a credit counselor to receive a new payment plan from a creditor. You could simply call a credit card company and ask for help on your own. All they can do is say no.

The Pros and Cons of Debt Relief Today

If anyone tries to convince you that getting out of debt is quick and painless, hold on to your wallet and head for the door. There are legitimate ways to get out of debt, but all require sacrifice and tough choices. Here’s a look at options available for consumers who are struggling with unmanageable debt:

Debt settlement. Debt-settlement companies negotiate with creditors to reduce the amount of debt you owe. You’re typically directed to make monthly payments into a savings account. When a certain amount has been saved, the company will go to your creditors and offer to pay off a percentage of your debt. Debt-settlement companies say they often succeed in reducing their customers’ debts by 50% or more.

Pros: Debt settlement is an alternative to bankruptcy for people who are struggling with large debts from financial setbacks, such as a serious illness or divorce, says Don Goldberg, a spokesman for the Consumer Credit Rights Campaign, a coalition of debt-settlement companies. It allows them to reduce their debts without losing their cars and their homes, he says.

Cons: Some debt-settlement companies charge large, upfront fees that reduce the amount of money available to negotiate with creditors. If you stop paying your bills — which some debt-settlement companies tell their customers to do — interest and penalties will increase the amount you owe. Your creditors could take you to court, and your wages could be garnished. Even if you’re successful, your credit score will take a serious hit.

Where to learn more: Don’t respond to advertisements promising fast relief from your debts. These are often placed by marketers that receive a commission for referring customers to debt-settlement companies. Instead, check out companies that belong to the Association of Settlement Companies or the United States Organizations for Bankruptcy Alternatives. Both are trade groups that require members to adhere to certain standards. Ask for a free consultation, and make sure you understand how much of your payments will go toward fees.

Top 5 Ways To Destroy Credit Card Debt Today

A credit card can be a costly piece of plastic when you carry a balance. A recent survey by the Federal Reserve Board found that 46 percent of all American families are drowning in credit card debt and carry an average balance of $7,300. Debt relief is sorely needed today.

If you’re done paying for the high price of plastic, then give these five debt-busting steps a try.

1. Stop paying just the minimum. Paying just the minimum on your monthly balance increases the amount of interest you pay, taking years to end the debt. Depending on your balance, you may save thousands each year by adding just few more dollars above your minimum monthly payment. For example, on a balance of $2,000 with an annual interest rate of 19 percent, your debt would be paid off in 8 years and 5 months if you paid only the minimum amount — $80 on the initial balance. The total interest paid would be a massive $1,170. Paying $160 every month (twice the initial minimum payment) ends the debt 7 years and 2 months sooner, and saves you around $924 in interest.

Want to see how much paying just the minimum balance is costing you? Check out this Credit Card Calculator to see how your debt stacks up. Results may shock you.

2. Ask for a lower interest rate. Picking up the phone and negotiating a lower interest rate with your card issuer is free, and could help you eliminate credit card debt sooner. Many lenders will give you an interest rate break if you’ve been paying the minimum balance every month. A cut in rate from 20 percent to 15 percent on a $5,000 balance could save you almost $300 a year!

3. Don’t pay an annual user fee. Many gold and platinum cards charge a big annual fee, money that could be used to pay down debt or saved for something special. Consider switching your card to a no-annual-fee option to keep maximum dollars in your wallet.

4. ‘Loyalty Programs’ are for the dogs, so skip them. Are you being a good dog by staying loyal to a credit card program that bites? Throw yourself a bone by doing the math, and check to see if the costs to keep the card add up to more than the free reward. If your points and perks don’t exceed the price you pay for annual fees and higher interest rates, then stop chasing your tail for that elusive Scooby Snack and find a better deal.

5. Cut the plastic, pay in cash. Winning the war on plastic can ultimately mean opting to pay in cash over credit. By staying on budget with a simple budget spreadsheet, keeping honest with what you can afford to spend today, and not living off of borrowed money, it’s possible to stay debt-free.

Getting Credit Card Debt Today

As Obama might conceivably say, “Credit card debt relief – I get it.” But do they really “get it” in Washington? With the credit card debt relief programs of today, it is possible to eliminate large amounts of credit card debt, up to 50% in many cases. How to apply and how to get started? Read on.

Get Started With Credit Card Debt Relief:

www.federaldebtreliefprogram.com

Credit card debt relief is arguably one of the greatest debt relief programs available today. With no shortage of Americans who are buried in debt, credit card debt relief is much-needed as well. But how does credit card debt relief work? And who is eligible for credit card debt relief?

The average American that owns a credit card own 3.5 credit cards on average today. All told literally hundreds of millions of credit cards are in circulation at any given point. The all too common end result is an individual or family that is struggling every month to pay their credit card debt. Relief programs to the rescue.

With credit card debt relief, it is possible to eliminate up to 50% or more of credit card debt. This is debt that can be negotiated away, forgiven, and never needs to be repaid.

Credit card debt relief works fast, is proven to be effective, and can work for you. To learn more about credit card debt relief and how to get started, please visit Federal Debt Relief Program at:

www.federaldebtreliefprogram.com

Is Credit Card Debt Consolidation Right For You?

Is credit card debt consolidation right for you? If you are buried in credit card debt, consolidation should at a minimum be researched and considered. With credit card debt consolidation, it is possible to eliminate up to 50% or more of credit card debt. How to apply and how to get stared? Read on.

Get Started With Credit Card Debt Consolidation:

www.debtconsolidation.us.com

Credit card debt consolidation is offered today in all 50 states by: debt consolidators, debt relief and debt management services, lenders, and consumer credit counseling services. These credit card debt consolidation providers share a common goal: to reduce and eliminate credit card debt for consumers so that they can regain their financial freedom and get on with their lives.

In most cases, the process to begin credit card debt consolidation can be initiated online by requesting a free debt evaluation and consultation. With credit card debt consolidation, it is possible to eliminate up to 50% or more of credit card debt. This is debt that through credit card debt consolidation can be forgiven, and never needs to be repaid.

Credit card debt consolidation works fast, is proven to be effective, and can work for you. To learn more about credit card debt consolidation and how to get started, please visit Debt Consolidation at:

www.debtconsolidation.us.com

Buried In Debt? Relief Programs Can Help Tremendously

According to the Federal Reserve, the total U.S. revolving debt (98 percent of which is made up of credit card debt) is $852.6 billion, as of March 2010. The situation can be summed up as this: Americans are buried in credit card debt. Relief programs can help eliminate large amounts and percentage of this credit card debt, up to 50% or more in many cases. How to apply and how to get started? Read on.

Get Started With Debt Relief:

www.federaldebtreliefprogram.com

Debt relief and debt relief programs and services abound today to meet the need of the U.S. consumer. Debt relief programs can be simple debt consolidation programs, or they can be debt consolidation loans. These can be in the form of home equity loans or unsecured loans.

Debt relief can also be debt negotiation and debt arbitration in which one’s unsecured debt principal is reduced. With debt relief and the debt relief programs of today, it is possible to eliminate up to 50% or more of unsecured debt such as credit card debt, medical bills, department store cards, and other unsecured debt.

This is debt that through debt relief can be forgiven, and never needs to be repaid. Debt relief works fast, is proven to be effective, and can work for you. To learn more about debt relief and how to get started, please visit Federal Debt Relief Program at:

www.federaldebtreliefprogram.com

Say Nyet To Credit Card Debt

We believe in saying “nyet” (Russian for “no”) to credit card debt. Why? Because of the devastating personal finance consequences it can have. Fortunately, with the debt relief programs of today, it is possible large amounts of credit card debt, up to 50% or more in many cases. How to get started? Read on.

Eliminate Credit Card Debt:

www.federaldebtreliefprogram.com

Credit card debt can be sort of a hidden secret in many people’s lives. It is something that is swept under the rug while making the minimum monthly payments continues for as long as possible. Eventually, the credit card debt swept under the rug can become a huge obstacle in one’s personal finances and in one’s life in general.

But saying nyet to credit card debt takes determination and willpower. Once buried in debt, however it is always possible to recover. With the debt relief programs of today, it is possible to eliminate up to 50% or more of credit card debt. This is debt that can be negotiated away, forgiven, and never needs to be repaid.

These debt relief programs to reduce, eliminate and help a person say nyet to credit card debt work fast, are proven to be effective, and can work for you. To learn more about these debt relief programs and how to get started, please visit Federal Debt Relief Program at:

www.federaldebtreliefprogram.com

Debt Consolidation: Relief Programs Explained & Explored

Debt consolidation is one of the best debt relief programs a person can get started with when they are buried in debt. With debt consolidation, it is possible to eliminate large amounts and percentages of debt, up to 50% or more in many cases. How to apply and how to get started? Read on.

Get Started With Debt Consolidation Today:

www.federaldebtreliefprogram.com

Debt consolidation, also known as bill consolidation, is a program for the combining, managing, and reducing of debt. The simple aspect of debt consolidation can provide much-needed breathing room and allow for greatly reduced monthly payments as well.

Debt consolidation is offered today by various debt relief, debt consolidation, debt management, and credit counseling services. The common goal of these services is to help you with a smaller debt payment each month and put you back on the road to financial freedom.

With debt consolidation, it is possible to eliminate up to 50% or more of unsecured debt such as credit card debt, medical bills, department store cards, and other unsecured debt. This is debt that can be negotiated away, forgiven, and never needs to be repaid.

Debt consolidation works fast, is proven to be effective, and can work for you. To learn more about debt consolidation and how to get started, please visit Federal Debt Relief Program at:

www.federaldebtreliefprogram.com

How Debt Consolidation Loans Aim To Reduce Debt

Debt consolidation loans are part of the debt consolidation family of debt relief options. With debt consolidation, it is possible to eliminate large amounts and large percentages of unsecured debt, up to 50% or more in many cases. How to apply and how to get started? Read on.

Get Started With Debt Consolidation:

www.federaldebtreliefprogram.com

Debt consolidation loans have quite an allure today. The prospect for paying off nagging debt and cumbersome old loans with a single new loan can be appealing indeed. Debt consolidation loans are available today in various formats – home equity loans, debt consolidation loans secured by other forms of collateral, and unsecured debt consolidation loans.

The common element among these debt consolidation loans is that they are loans which are used to pay off other debt and other loans. This can make a world of difference towards a person becoming debt free. Yet debt consolidation is also available today without the need for debt consolidation loans.

With debt consolidation, it is possible to eliminate up to 50% more of debt such as credit card debt, medical bills, department store cards, and other unsecured debt. This is debt that can be negotiated away, forgiven, and never needs to be repaid.

Debt consolidation works fast, is proven to be effective, and can work for you. To learn more about debt consolidation and how to get started, please visit Federal Debt Relief Program at:

www.federaldebtreliefprogram.com