Credit Card Debt
Consolidating your credit card debt is the best way to get your monthly interest down, as well as extend your repayment period. One of the main problems with credit debt is that it lowers your credit ratings. A low credit rating will make it difficult to obtain any new loans or credit cards.
While consolidation should be your first step in attacking credit card debt, here are some other tips:
- Stop using your cards: After all the trouble your cards have gotten you into you certainly do not want to add to that debt. As a corollary to that, see below.
- Stop credit card offers: As in the previous tips, you don't want to use your current credit cards and you certainly do not want to apply for anymore while in debt. Dial 1-888-5-OPTOUT to obtain the forms to get companies to stop sending you card offers.