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Credit Card Counseling - Getting Out Of Debt
William Blake.
Sometimes things come up that are out of our control and we need to use a credit card for the purchase because we don't have the cash on hand. Other times, we just have to have the latest toy or gadget and use a credit card to buy it. But when the bill comes due, it can be unpleasant.
Unfortunately, a large credit card debt can end up with a high rate of interest and years of payments. Thankfully, there are solutions to credit card debt problems.
Securing a lower interest rate on your card is the first step to alleviating more debt from accruing. There are 2 ways to do this. The first way is to call the customer service number on the back of your credit card and ask if a lower interest rate is available to you.
Within a short time they will tell you if you qualify for a better rate. Surprisingly, many times you will get the lower rate just by asking for it.
The second way to lower your interest rate is by applying for a new card with a lower interest rate. Transferring the balance from the higher rate card onto the lower rate is most often completed automatically using the information from your application.
Credit counseling services are another option available to help work with creditors. Results can be better rates and a more reasonable payment schedule. Just by making a call, credit counseling services can often get you what you need merely because they are familiar and deal with the credit card companies regularly.
Credit counseling agencies mostly offer their services for free or, at the most, a minimal fee is charged. Have your credit card information in hand, as well as a list of all your creditors and current balances.
Your information is all they need to create a payment schedule that is right for you. End the struggle over credit card debt. Talking to a credit counselor can help you to start a new life. Article Source: http://www.articlemap.com Has your debt got you stressed out and anxious? Quit beating yourself up and learn some simple but effective debt reduction tips. Visit www.debtsmackdown.com for lots of helpful information.
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