Credit Debt And How To Do Credit Card Debt Consolidation

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• Are your monthly expenses exceeding your earned income?
• Are you using your credit cards to get by so you can afford to live?
• Are you considering Bankruptcy as an option?
• Are your credit cards reaching the limit?
• Are you receiving collection letters or phone calls from creditors?
• Have you used all of your available resources to keep up with payments?
• Are your minimum payments becoming a struggle?

If you answered yes to any of these questions, you could be or you are experiencing some serious financial troubles. Now knowing that you are in a financial mess and need to find some way to do credit card debt consolidation is not an enviable place to be, nonetheless, you need to understand what your options are to get out from under a huge financial burden, if at all it does happen.

There are multiple steps involved. First you need to find a company that specializes in credit card debt consolidation. If you do not live in a major metro area, you may have to look in a more major metro area, or you could look online. Compare the programs and rates and choose the one that appears to work best for you.

What will happen is that you will turn over all your credit card debts to the debt consolidation company. They will issue you a debt consolidation loan and you will be paying a single installment every month to them, and they will divide up that payment to make payments to your creditors. Get into the habit of paying them on time each month, and when that loan is paid off, hopefully you will be wiser for all the troubles.

Now many universities, military bases, credit unions and housing authorities also operate nonprofit financial counseling programs. Some charge a fee for their services. Creditors may be willing to accept reduced payments if you are working with a reputable program to create a debt repayment plan.

However, credit counseling organizations have faced scrutiny because of their misuse as a "nonprofit" organization. Because an organization says it is a "non profit," there is no guarantee that the services provided are free, affordable, or even legitimate. In fact, some credit counseling organizations charge high hidden fees, or even urge consumers to make voluntary contributions that can cause more debt.

Most credit counselors offer services through local offices, the Internet, or on the telephone. If possible, find an organization that offers in-person counseling. Your financial institution, local consumer protection agency, and friends and family also may be good sources of information and referrals
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If you're serious about getting Debt Relief immediately and avoiding the trap, utilize Clear Debt Solution's proven Credit Card Consolidation program to eliminate your debt and regain financial freedom!