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CREDIT CARD DEBT HELP
April 5, 2016
As an increasing number of people are finding out, you have to be very
careful when dealing with credit cards. One of the things that makes it so easy to need credit card debt help is they are so convenient and safe to use. In many ways they are better than cash and often required such as when booking travel. In short, they are close to a necessity in today's economy. However, all of their benefits come at a potential cost. Even the most careful consumers can quickly find themselves in trouble, due to no fault of their own. If you count yourself among this growing majority, there are several options you can use to get back on track.
Credit card companies know what they're doing and which appealing offers can get you to switch to their product; great rewards, cash back, custom card graphics so you can put a picture of your cat on the front...
Then once you're reeled in, they hit you with large balance transfer fees, annual fees, monthly fees, or even a card opening fee. We recommend finding a good balanced card like the VISA Platinum at Central Sunbelt, which has no monthly, annual, startup, or balance transfer fees, and a low fixed-rate that won't balloon!
The prevailing attitude among most people is that debt consolidation loans are a quick and easy way to get credit card debt help. In some cases this may be true, but don't automatically assume it's true for you. On the surface you may see one payment instead of many, a chance to repay several creditors at once, and a lower monthly payment. But if you dig deeper, you may discover that those supposed benefits come at a bigger expense. You may have to pay more interest over the life of the loan, which will put you further behind.
Another common tactic is to give you a low monthly payment but to make the loan last longer, again, resulting in more money out of your pocket. You will have to look over all the terms of any consolidation loan to see if you can live with the terms. Whatever you decide, be sure you are making a well-informed decision.