Comments on: How to Use Consolidation Loans to Tackle Credit Card Debt http://creditshout.com/how-to-use-consolidation-loans-to-tackle-credit-card-debt/ Credit Card Reviews and Advice Thu, 09 Sep 2010 08:08:23 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: San Francisco Certified Financial Planner http://creditshout.com/how-to-use-consolidation-loans-to-tackle-credit-card-debt/comment-page-1/#comment-36 San Francisco Certified Financial Planner Fri, 07 Nov 2008 20:38:20 +0000 http://creditshout.com/?p=197#comment-36 Debt consolidation companies can be a good resource for getting out of credit card debt. However, I would first Make it a regular practice to call your credit cards to ask for a lower rate. I have one client who owes over $20,000 on a Visa that was at 18%. He spoke with a 'rate specialist', touting his rising credit score and declining balance and got his rate cut in half, from 18% to 9%! His monthly interest charge was instantly reduced by $150, which will help him pay off his debt even sooner. Debt consolidation companies can be a good resource for getting out of credit card debt. However, I would first Make it a regular practice to call your credit cards to ask for a lower rate. I have one client who owes over $20,000 on a Visa that was at 18%. He spoke with a ‘rate specialist’, touting his rising credit score and declining balance and got his rate cut in half, from 18% to 9%! His monthly interest charge was instantly reduced by $150, which will help him pay off his debt even sooner.

]]> By: debt consolidation companies http://creditshout.com/how-to-use-consolidation-loans-to-tackle-credit-card-debt/comment-page-1/#comment-33 debt consolidation companies Fri, 07 Nov 2008 10:52:54 +0000 http://creditshout.com/?p=197#comment-33 Most people may not know much about debt consolidation companies until they're caught in the throes of a debt problem. When fishing for a solution to debt, make sure that the one you reel in is the right one for you. Most people may not know much about debt consolidation companies until they’re caught in the throes of a debt problem. When fishing for a solution to debt, make sure that the one you reel in is the right one for you.

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