At a basic level, credit card consolidation is when you obtain a fresh loan or a formal repayment plan which rolls all credit cards (whether they be store cards or bank cards) into one fresh debt.
Credit card consolidation will only be successful if you consult with an agency who thoroughly assesses your household budget to ensure that you can afford the repayments. The repayments will depend on the type of credit card consolidation plan you opt for. The different types of credit card consolidation plans are:
Often people get so stressed and ashamed that they try to ignore the credit card debt and hope it will go away, but when you get trapped in credit card debt, you need to consult with experts who know how to solve the problem.
Experience tells us that if you ignore a credit card debt it will only get worse and the debt will escalate over time. There are several ways to get yourself out of serious credit card debt, but without any expert debt knowledge, many people facing such a problem are not aware of the available solutions.
This is where an expert can help. At Debt Free we are experts in solving credit card debt with many years of experience and will speak to you in language you will understand.
If you want to avoid the constant stress from debt collectors and stop the phone from ringing, then call us today for help or request a free online debt assessment.