subject: Accelerated Debt Consolidation To Get Out Of Debt Fast [print this page] At the current rate some people are paying off their debts, it can take a decade or more to get from underneath this financial burden. If you would like to get out of debt and start enjoying your life again, you need to employ accelerated debt consolidation tactics.
People seeking debt consolidation services are usually at a point where a large percentage of their paychecks are going towards debt payments. This leaves little money left over for savings and summer vacations. If you are paying only the minimum payment, you will not get out of debt in the near future. If you are paying over the limit fees and late fees, that monthly minimum payment is hardly making small dent into your balance.
In order to pay down large balances, you need accelerated debt consolidation tactics to pay off this debt and start enjoying your life again. You need a plan to pay off your balances as quick as possible. If you are paying around 30% interest on your credit cards, these rates need to be negotiated down to allow more of your payment to go towards principal. The over the limit and late fees need to be waived or reduced to get these bills paid off.
There are consolidation services that can get these fees waived and interest rates reduced. They negotiate with the credit card companies on your behalf to allow you to start making payments that will go toward the principal and not interest. This plan will enable you to pay off your debt faster and pay less interest.
Accelerated debt consolidation is the best way to pay down your debt. If you have bad credit, it's unlikely you'll get a consolidation loan. At the pace you are paying your credit cards, it can take years or even decades to pay off your credit card balance depending on the balance owed.
