Credit Card Debt Consolidation – Getting Out And Staying Out
How many people have heard of the term credit lifestyle? Well in my option, thats one of the worst kinds of lifestyles to live. Living on credit, is spending money you dont have. Well this article is going to let you know more about credit card debt consolidation. So enjoy!
One of the major causes of over one million bankruptcies last year was credit card debt consolidation. The reason being that a lot of people just go out and apply for a credit card without finding out more info about credit and debt. Then they go out and buy a ton of stuff they normally wouldnt on credit. When its time to pay the debt, their annual fees are added on, along with spending like theres no tomorrow, payments are missed, compounded, which causes their balance and interest to shoot for the moon.
Im sure we would love to place the blame on the credit cards and the credit card companies. You need to keep in mind that the root cause of your credit card debt consolidation mess is no one but you.
One shopping spree spurge does not usually cause high card debt consolidation. Its usually a pattern that consists...
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