Credit Card Debt Consolidation
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America's Need for Credit Card Debt Consolidation
Shopping sprees, holidays, eating out, that's what credit cards are for! But with $741 billion in credit card debt in the United States and 1.3 million Americans filing for bankruptcy last year as a result of unmanageable credit card balances, it's obvious that as consumers we are living beyond our means. If you are finding yourself struggling to meet the minimum payments on several credit cards that are nestled in your wallet, you should seriously consider credit card debt consolidation.
What is credit card debt consolidation?
In simple terms, credit card debt consolidation means combining all of your credit card balances into one single loan with one monthly payment.
How to achieve credit card debt consolidation
There are several options available to you:
Whatever choice you make, the most important thing to remember is that once you have achieved credit card debt consolidation do not start charging the cards again. Either cut them up, burn them or lock them up so that the balance is paid in full at the end of every month. Otherwise you will end up in a worse mess than you were in before.