Debt consolidation?

i am currently in debt from some credit cards and i was thinking about doing something about it though debt consolidation company but i am not sure about it. has anyone used a consolidation company before and was it a good or bad experince? is there anything that i should know before doing it?

Debt consolidation?

Credit card debt consolidation adds up all your unpaid balances and converts them into a single payment. This payment is far lesser than each of the individual payments.

When you finalize a plan with a debt consolidation company, the company repays your dues to your creditors. Then you make a single payment to the consolidation company every month. Your average new interest rate is much below the old interest rate.

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Debt consolidation?

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Debt consolidation?

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Debt consolidation?

If it only credit cards debts then start to pay the one with biggest interest rate aggressively and after paying it off move to another one and put all money you free up from getting ride of first one and so on. It%26#039;s called %26quot;debt stacking%26quot;. Pay your credit cards off and stay away from them!

If you want to consolidate then find new card with 0% or low APR for usually 6 or 12 month, transfer balance there (if you have enough credit) and pay it off on time!!!

Debt consolidation?

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