Credit Card Equipment

Partners For Life: Credit Card Bills And Debt Consolidation
By Diego Hernando

Meet the Batman – Robin tandem of the 21st century. Or the New
Mr. and Mrs. Tom Cruise. Or Brad Pitt and Angelina Jolie if and
when they ‘fess up. Today, thanks to inflation, terrorist
threats, the euro going up and the dollar going down, citizens
of the United States of America realize in horror that they are
just a statistic in a financial report. Their horrific situation
is utterly ordinary. They’re broke. And what do the government
have to say? Get over it and go back to work.

So that’s where debt consolidation comes along. The credit card
is an amazing thing because it lets you spend so much. Actually,
it lets you spend money that you don’t really have. But in the
end, well that’s when it gets tricky. Credit card bills start
knocking on your door and you find yourself wondering if you
really spent all that or was it your alter ego holding the
credit card in a trip to Macy’s. But of course it was you. And
since borrowing more from your bank is totally out of the
question, you have to take the next option available and that
could be debt consolidation.

Debt consolidation is where you gather all your bills together,
credit card bills especially because they’re somehow more
harrowing than the others, grab a calculator and add them all
up. When you’re done, you present this to the representative of
a debt consolidation company and see how he or she works out
everything.

Now, don’t start thinking that debt consolidation is like a
modern fairy godmother out to make your credit card bills
disappear in one big poof. Sorry, folks but this is reality and
things don’t work out quite that way. Sadly, your credit card
bills would remain visible and concrete, proof that you owe
loads of money to several financial institutions. And that’s
when the debt consolidation rep you’re talking to comes in.
First, she’ll ask you your budget and just how much you can
afford right now. Debt consolidation companies have to know
about their clients’ financial history to be able to negotiate
more competently with their clients’ creditors. They have to
know how much you’re earning, how many credit cards you have,
what loans and bills are there to be paid off etc. When that’s
done, these debt consolidation companies then approach the
people behind the bills: the creditors, in other words. They
talk to the managers behind that credit card bill staring at
you so accusingly from your office desk. They ask if it’s
possible to give you some more leeway so you have an
opportunity to continue paying them. If you go bankrupt,
neither would win. Debt consolidation representatives can make
the interest rates of your credit card bills lower, the monthly
payments decrease, the payoff time shorten and so on.

The important thing to know before choosing this particular
tandem approach however is being sure that you can really work
things out this way. If you feel that using debt consolidation
to pay off your debts, like credit card bills, is just like
papering cracks on the walls then don’t do it. You’ll simply be
worse off. Debt consolidation, like most things, requires
determination, self-control and dedication. And if you are
incapable of any of those qualities then my advice is to find
another solution.

About the Author: Diego HR. is the owner of My Debt
Consolidation Advisor http://www.mydebt-consolidation.biz/ and
invites you to take a download free helpful information,
articles, and more.

Source: http://www.isnare.com