Consolidating consumer credit card debt

Posted by / 14-Apr-2019 15:17

The repayment time frame is between three to five years.Many credit card issuers reduce interest rates for consumers on the plan (and some waive them entirely).Once the debt from your credit card companies is shifted over to the new lender, the balance on your cards will read as paid.

Yet another way to consolidate your debt is by asking a friend or family member for a loan.If you accept, the agency takes over the management of your accounts.You send one fixed payment a month to them, and it disperses the funds to your creditors.When you’re juggling multiple credit cards, managing them all like a pro while paying down the balances can be a major challenge.Wouldn’t it be nice to send just one payment every month and not have to worry about a variety of due dates?

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