Credit card debt is one of America’s top problems. In fact, Americans now owe a total of $669 billion just in credit card debt. Households that have credit card debt owe an average of more than $16,000, and individuals owe an average of $5,284.
If you’re struggling with credit card debt, we don’t have to tell you what it feels like. It can affect your finances, your family situation, and even your health. The stress related to dealing with debt can actually cause health problems such as fibromyalgia, migraines, high blood pressure, and heart disease.
The good news is that there’s a lot of information available online designed to help you deal with credit card debt. The problem is that some of this information is useless, or from poor sources. Some of the companies offering information on debt relief are simply looking to improve their bottom line. Fortunately, a number of reputable debt relief companies exist, not the least of which is National Debt Relief.
National Debt Relief does one thing: it helps people such as you achieve debt relief and consolidation through a process called debt settlement. It has been in business for many years and has helped thousands of Americans eliminate their credit card debt. It’s a trusted source of information about debt consolidation, especially credit card consolidation. NDR’s blog has articles on topics ranging from credit card consolidation to consolidation through home equity loans to tips on budgeting to information on the wrong ways to pay off debt.
Here are the top 10 articles recently published by National Debt Relief on the subject of credit card consolidation.
1. What Is A Credit Card Debt Consolidation Loan?
Third article explains what a credit card debt consolidation loan is, and lists the three types of loans available for consolidating credit card debt. The first of these is a debt consolidation loan, which is an unsecured loan you get to consolidate your credit card debt. What makes it different from other types of personal loans is that the lender takes responsibility for paying off your multiple credit card debts. After receiving approval for this type of loan, the lender coordinates with your creditors to get your credit card debts eliminated.
The second type of loan for credit card consolidation is a personal loan. It’s another type of unsecured loan, and is sometimes confused with a debt consolidation loan. The third type of loan in this category is a home equity loan. As the article explains, this type of loan allows you to use the equity in your home to borrow money to consolidate your credit card debts.
Finally, the article points out what you need to consider before getting a debt consolidation loan. It also points out when it’s okay to use debt consolidation to solve credit card issues, and the type of debt consolidation loans you should never use to pay off credit card debts. While credit card consolidation can be a good option, don’t choose it until you’ve read this article.
2. Debt Consolidation: How to Consolidate Credit Card Debt without Hurting Your Credit
Like it or not, your credit score pretty much governs your financial life. Having a good credit score means paying lower interest rates, and perhaps even lower insurance premiums. A bad credit score can even make it harder to rent a house or apartment. This article reveals that how you consolidate your credit card debt can have a positive or negative effect on your credit score. The article reveals when it’s a good idea to consolidate credit card debt, and when it isn’t a good idea. Finally, this article includes some important tips about what you need to do after credit card consolidation to keep from getting into trouble again. While it’s possible to consolidate credit card debt without hurting your credit, it takes work, and this article shows you how to do it.
3. Paying off Your Credit Card Debt Stress-free with Debt Consolidation
Wouldn’t it feel great to pay off your credit card debt without having to stress over it? This article reveals how, with debt consolidation, you can take all of your existing debts and consolidate them into a single payment. This eliminates the stress of having to remember multiple payment due dates and amounts. The article explains that credit card debt consolidation can also save you money because your monthly payment will be lower than the sum of the previous credit card payments. The loan you get to pay off those credit card debts will most likely have a lower interest rate as well. Consolidating your credit card debts will likely improve your credit score as well, especially if you were missing payments previously. Be sure to read this article before choosing credit card debt consolidation.
4. Credit Card Consolidation – Just Imagine Being Debt Free
Do you wake up in the morning with a sick feeling in your stomach because of your credit card debt? This article tackles the subject of how you can become debt free via credit card consolidation. It offers great information about how to achieve credit card consolidation through a debt settlement process. Benefits include the fact that with debt settlement, you’ll have just one payment to remember a month. Of course, debt settlement isn’t for everyone, as you can’t settle some types of debts, such as mortgages and auto loans. The article explains what to do if you find that debt settlement isn’t for you, and lists some other options available, such as consumer credit counseling. You will learn important tips for finding a reputable consumer credit counseling agency, either in your city or online.
Debt settlement can be an excellent way to find relief from your debt, but it’s important to understand what it is. Learn more by reading the full article.
5. Top 10 FAQs about Credit Card Consolidation
Credit card consolidation is a complicated topic with a lot of nuances and many moving parts. This article explains, among other things, why credit card consolidation can be an effective way out of debt for people who owe a large amount of money to many different credit card companies. You will find valuable information to help you understand whether you need debt consolidation, as well as its pros and cons.
You will learn the difference between secured and unsecured loans, as well as how credit card consolidation can save you money. You will discover the options available for credit card consolidation if you have bad credit. Finally, reading this article will teach you the difference between debt consolidation and debt settlement, and teach you how to identify a reputable debt settlement company.
6. About Credit Card Debt Consolidation: How Does It Work?
You may have heard about credit card debt consolidation but don’t quite understand how it works. If you’re laboring under a pile of credit card debt, this article is for you. It will help you understand what credit card debt consolidation means, as it could very well be your way out of debt. You’ll learn how credit card debt consolidation can help you restructure multiple credit card debts, resulting in a lower monthly payment. This article discusses the pros and cons of credit card debt consolidation. On the pro side, this article reveals how credit card debt consolidation usually results in a lower interest rate. It also lists the alternatives to credit card debt consolidation, including consumer credit counseling and credit card balance transfer. Finally, this article offers valuable information on the right way to consolidate credit card debt.
7. National Debt Relief – Resolve Your Credit Card Debt Problems
There’s an old saying that rust never sleeps; well, neither does debt. You can ignore it, but it won’t go away. In fact, the longer you ignore it, the worse the problem will get, thanks to compounding interest. If you find yourself stuck under an insurmountable amount of debt, this article can help. It reveals how you can become debt-free with the help of National Debt Relief, a Better Business Bureau-accredited company specializing in settling credit card debts, medical bills, certain business debts, and other unsecured loans. This article goes on to explain why debt settlement can be more beneficial than a debt consolidation loan or bankruptcy. It reveals the types of debts you can settle, and how much it costs to use National Debt Relief. NDR doesn’t make money unless it successfully helps its clients achieve debt relief. Read the entire article and learn how National Debt Relief can help resolve your credit card debt problems.
8. Credit Card Debt Consolidation – 5 Tips for Getting It Right
If your goal is to get your credit card debt under control, and ultimately paid off, this article can help. It reveals why, before you do anything, you need to learn the alternatives to credit card debt consolidation, including a debt consolidation loan, balance transfer, debt management plan, or debt settlement. You will learn what credit card debt consolidation could do to your credit score, which differs depending on the option you choose. It’s important to do the math, as most credit card debt consolidation options cost something. An included video will help you understand how your FICO score is determined, and how it can affect your ability to get anything on credit. Read this article to understand how to get credit card consolidation right.
9. Credit Card Debt Consolidation with Bad Credit
Do you have bad credit? It might not even be your fault. Maybe you lost your job, were in a serious automobile accident, or had a divorce that left you with most of the marital debt. The good news is that you still have options for credit card debt consolidation. One option is to visit a non-profit consumer credit counseling agency. These agencies have experienced debt counselors who analyze your finances and help you develop a debt management plan (DMP). Your counselor will contact your creditors to see if they will agree to your DMP.
If your creditors agree, then you’ll then send one payment a month to the credit counseling agency rather than a pile of smaller payments to numerous creditors. A second option is a debt settlement company. Instead of paying your lenders, you’ll transfer a set amount of money each month to a trust account. The settlement company will then negotiate with your lenders to get your debts paid off for less than you owe. Debt settlement generally takes from 24 to 48 months, depending on the size of your debt. Read the entire article to learn how your bad credit doesn’t have to hold you back.
10. How to Stick to Your Financial Resolutions with a Debt Consolidation Loan
The thing about resolutions is that they’re much easier to make than to keep. This article suggests a debt consolidation loan as the ideal tool to help you with your debt repayment resolutions. This type of loan can help you with credit card consolidation, but it requires a certain amount of self-discipline. You will learn some tips for paying off a debt consolidation loan and keeping to your financial resolutions. The best tip is to learn from the past by identifying the habits that got you into trouble with debt in the first place. Additionally, you should have an emergency fund of at least $1,000 set aside at all times.
Having an emergency fund will keep you from going into debt when you face one of life’s little mishaps, such as a trip to the emergency room or an expensive automobile repair. Another great tip is to avoid financially irresponsible people and situations where it would be easy to spend money you don’t have. Consider the value of a support system; surround yourself with friends and family members who understand your situation and are rooting for you to become debt free. Read the entire article to learn more about using a debt consolidation loan to help you stick to your financial resolutions.