Credit Card

Wednesday, September 20, 2006

Credit Card Debt Consolidation

By Debbie White

Nowadays, credit cards are gaining importance and recognition; because of this credit rates are reaching the limit. Debt is now a present difficulty in people’s lives, which is why credit cards debt consolidation it is the answer to their problems. In the US more than 50% of population has an average credit card debt of $8000..

You must be impatient to know:

How does credit card debt consolidation helps me with credit card debts?
Consolidating my credit cards debt could be beneficial?

One way to consolidate your credit cards debt it is to make a credit card debt consolidation loan to consolidate your credit cards balances into one single loan; people can also transfer all outstanding balances into one single card, the one with lowest interest rate Savings should be carefully planned and used.

People should not pay high interest rates on their credit cards, that is why going for a balance transfer into another credit card with lower interest rate; in the members area this topic is profoundly explained. Here, we offer free membership and to calculate the interest on your actual credit cards.

Here we have a practical example of credit cards consolidation, to help people understand.

For example, let us imagine that you have $100 in credit cards debt and the average annual percentage rate (APR) of the card is 18%. If you maintain the balance in $100, a year later you would have paid $18 for interest. If your credit cards debt gets consolidated into a single loan, then you could save a interest amount of money.

After consolidating your credit cards debt into a single loan with a 9% APR, that would mean a save of $10 (average), for a debt of $100, lets imagine a $10000 debt, you could easily save $100 over a year; that is why we always recommend caution on taking such decisions.

If you are one of those persons, with too much credit cards debts, you should consider using our help to consolidate; because this is the fastest and more reliable way to get free of your financial problems.

Sign up and get advised by experts on credit cards debt consolidation, you will se that in no time you will be debt free with a comfortable monthly payment.

Take a look at these articles:

www.curadebt.com/debt-settlement/CA+California/debt+settlement+CA+California.asp
www.curadebt.com/debt-settlement/FL+Florida/debt+settlement+FL+Florida.asp

Debbie White is a contributing Writer to www.curadebt.com/, and is currently writing some special articles to orient consumers on how to consolidate credit card debt

Article Source: http://EzineArticles.com/?expert=Debbie_White

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