Consolidating Credit Cards

Written by Creditor Web


Continued from page 1

Consolidation is often a necessity for students, new graduates, or people who have filed for bankruptcy some time ago. If you've handled your payments well and managed to clear up your record to a certain degree, there is no need to continue paying more than it's worth for your credit cards. Sit down and go throughrepparttar numbers carefully, and think analyzerepparttar 138497 problem realistically. Don't forget to check your credit report and your credit rating before you start anything - it will help you plan and plead your case. Also, if your credit request gets rejected, don't forget to ask for your free copy ofrepparttar 138498 credit report.

Of course, credit card consolidation is not a miracle solution for all your financial problems. Onrepparttar 138499 contrary, you may find that it requires a lot of financial discipline to makerepparttar 138500 payment on time and to straighten things up. However, it is less confusing than having several small credits, and so it is easier to keep things under control.

There is alsorepparttar 138501 option of getting credit counseling, if things get really confusing. A successful plan will make sure you makerepparttar 138502 payments on time and regularly, without putting a strain on other aspects of your life. Of course, it's a lengthy process, usually taking one or two years - but it's worthrepparttar 138503 trouble.

Sometimes, you can lower costs by consolidating your debt through a second mortgage - but be really careful aboutrepparttar 138504 hidden costs and problems - you may want to consult with a specialist or two before taking this step. Usually, this means that your home will become collateral, and you may lose it if things go wrong. Also, costs add up quickly and you may end up paying more than you initially thought.



This article has been provided courtesy of Creditor Web. Creditor Web offers great credit card articles available for reprint and other tools to help you search and compare credit card offers.


What is Credit Counselling?

Written by John Mussi


Continued from page 1

Reputable credit counselling organisations can advise you on managing your money and debts, help you develop a budget, and offer free educational materials and workshops. Their counsellors are certified and trained inrepparttar areas of consumer credit, money and debt management, and budgeting.

Counsellors discuss your entire financial situation with you, and help you develop a financial plan to solve your money problems. An initial counselling session typically lasts an hour, with an offer of follow-up sessions.

Be wary of credit counselling organisations that:

charge high up-front or monthly fees for enrolling in credit counselling.

pressure you to make "voluntary contributions," another name for fees. won't send you free information aboutrepparttar 138496 services they provide without requiring you to provide personal financial information, such as credit card account numbers and balances.

You may freely reprint this article providedrepparttar 138497 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


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