Daniel Major offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: What Benefits Will Consolidating Credit Card Debt Offer? Author: Daniel Major Category: Word Count: 641 Keywords: debt consolidation, credit cards, credit card debt, debt, finance Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
The process of consolidating credit card debt is certainly a learning curve but is probably one of the best things a cardholder can do that will save them money and simplify their payments. If you are thinking about consolidating credit card debt then there are certain things you should consider first. What are the benefits of consolidating credit card debt? Of all the reasons in favor of consolidating credit card debt the one that is most beneficial is that you should be able to get improved interest rates, saving you heaps of cash. In fact anytime you can better your existing interest rate you should consolidate credit card debt. An easy way to see if a specific deal would benefit you is to add up all the interest rates on all the cards you have, divide the sum by the number of cards to get the average interest rate and if the interest rate offered by the new consolidation deal is lower then it is certainly worthwhile consolidating your credit cards as you will definitely save money. If you have any cards that have a lower rate than the rate offered by the new card, you don't need to include them in your consolidation. As mentioned earlier, consolidating credit card debt will actually simplify the payment f your bills as all of your credit card bills will now be rolled into just one, but you shouldn't do this if you are not saving any money. Finally, by consolidating credit card debt, you have a much better chance of getting out of any mess you may have gotten into with your cards and it will be much easier to improve your credit history with one card rather than several. OK, I want to consolidate all my credit cards what next? Quite simply, go shopping! There are literally hundreds of Credit card companies nowadays, all offering different rates and deals. It may be a good idea to look for companies that offer balance transfers charged at 0% interest for a period of time, usually six months, but beware of the interest rates after this period as they may well be higher than what you were originally paying. How do I choose which Card is best for me? Choosing a credit card company for consolidating your credit card debt isn't rocket science. As long as you keep your eye on the interest rates and the ever present small print, you will know, without a shadow of doubt, which deal is the best deal for you. Don't be afraid to let the credit card companies know that you are shopping around for the best deal and give them something to beat; if you already have a good deal lined up let them know about it and give them an opportunity to better it, always remember that you are the customer and you owe it to yourself to get the best deal possible. What if I am in severe credit card debt and am struggling to keep up with payments? Consolidating your credit cards will help, but you will reach a point when the processes mentioned above for consolidating credit card debt will become useless as they are not designed to counter ever increasing debt but rather to lower payments of existing debt. If you have fallen too far into debt and the likelihood is that you will struggle to get out of it, it is time to start looking at getting a debt consolidation loan rather than a credit card consolidation agreement. However, it is advisable to check out certain methods of debt elimination that will help eliminate your debt much quicker when combined with a debt consolidation loan. These methods are disliked by the financial institutions as they are extremely effective at eliminating debt very quickly. So, if you are serious about clearing your debt, you definitely need to check out this information before taking your next step. For more information and advice on debt consolidation ,or if you would like to know more about the little known method of debt elimination mentioned above, visit: http://www.creditcardconsolidationloanssite.com or, http://www.debtconsolidationinformationonline.com ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
