subject: 3 Methods Of Credit Card Consolidation That Can Get You Out Of Debt [print this page] Are you trying to keep your head above water and manage your credit card debt? Do you hate going to the mail box every day? This has become a problem for many people and can lead to both health and relationship problems. The sooner you can address your debt and find a way that you can begin to emerge from your current financial situation; the sooner things will improve in other areas of your life. But it can be difficult to know where to begin when you are overwhelmed with debt. I can consume you can make it difficult to think about anything else.
The best way to get out of debt is to follow a proven plan. There are several financial experts that have laid out step by step plans for getting out of debt. These are great plans because they all include information on budgeting and how to remain debt free. Also, if you can do this on your own you have gained a tremendous amount of knowledge. The chances of finding yourself with this much debt again is slim, because you know how it feels to have to dig yourself out.
If you are overwhelmed to the point where you do not think you can do this on your own, you may want to consider talking to a credit counseling organization. They are nonprofit and are in the business of helping people get out of debt. Your unsecured debts will be consolidated and you will only have to make one payment each month. After enrolling in a credit counseling debt management program, you collection calls will stop. The interest rates on your accounts will be dropped to around 10% and your fees will be eliminated. This will save you hundreds and maybe even thousands of dollars in the end. This program should take 3 to 5 years and you should complete it with your credit still intact.
You do have choices when it comes to debt, but these choices will diminish as time passes. It is important to seek debt help while you are able to still do something about your credit card balances. The biggest mistake most people make is thinking they can do it on their own and you can, but it takes major lifestyle changes and not everyone makes the necessary changes. Chances are if you are only able to make minimum payments you are going to need some type of debt help. You can get started today eliminating your credit card debt!
