PR Log - Credit Card Consolidation - How to Lower Interest Rates .pdf

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             Credit Card Consolidation - How to Lower Interest Rates and Consolidate Debt

       By debt-free-living.com
       Dated: Jan 19, 2011

       Credit card consolidation is one of the best debt relief options. With passage of time, debts keep on
       increasing and become more and more difficult to pay.

       Credit card consolidation is one of the best debt relief options. With passage of time, debts keep on
       increasing and become more and more difficult to pay. In this situation, it is very bad to stay and wait for
       some miracle to happen. These things don't work in this real world. More often, other options can become
       source of relief. Everyone wants rescue from debts as soon as possible. Although there are other methods
       like debt settlement and bankruptcy that can help you in such problems but they affect credit scores. These
       negative remarks on the credit report make life very difficult.

        Credit card Consolidation method does not put any bad impact on the future life of a borrower. Once a
       person pays debts without any negotiation or settlement, he will be become like the person who has never
       taken any loan or credit. He can take credit from the same creditor any time in future. The Creditor will
       have no objection over this new transaction. Credit card debts are unsecured debts thus their interest rates
       are higher as compared to the secured loans. Now, anyone who owes money to creditor and wants to get rid
       of this charge will have to take another loan. This loan is a secured loan. A person can take this loan by
       putting his property as a security with the lender. As this loan is secured, its interest rate is lower. Payments
       are in small installments and are easy to pay. Anyone who has some property can use it for saving his future
       life. After the completion of the loan repayment, property will be returned and everything will be fine.

        Credit card consolidation can be dangerous too. When a person takes a secured loan, his security becomes
       legal property of the lender and the lender can take any action in case a person does not pay back his money
       on a specified time. This can lead to foreclosure. So before trying this option, make a proper plan of the
       loan repayment. If a borrower negotiates with his lender then the lender will be ready to give him a
       payment plan that is suitable for him. In This way, chances of foreclosures will be reduced and it will be
       easy to pay back the debts.

        If you have over $10,000 in unsecured debt it may be a wise financial decision to consider a debt
       settlement. Due to the recession and overwhelming amount of people in debt, creditors are having no choice
       but to agree to debt settlement deals. To find legitimate debt reduction help in your state and get free debt
       advice then check out the following link.
        Free Debt Advice
        (http://www.debt-free-living.com)

        Contact us for free debt advice = 8883613619

       Category            Debt relief
       Tags                debt, debt solutions, debt relief, debt settlement, get out of debt, debt settlement programs
       Email               Click to email author
       Phone               8883613619
       Country             United States




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