Financial Planning Guide – Credit Card Debt Consolidation

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So many people are lumbered with credit and other cards and some of them struggle to make those monthly repayments. If this describes you then you would be well advised to consider looking into debt consolidation and some help with financial planning to avoid risking bankruptcy. Loans are also available, but you should take time to analyze all the possible options.

The simplest way to do debt consolidation with credit and other cards is to transfer the combined balances onto another credit card with low interest rates and one low monthly payment. Most card companies do offer special introductions with low rates for this type of consolidation just for trying their card. However, though obvious, make sure the balance on your new card will cover the outstanding balances of your other cards.

Look for low interest transfers to allow for successful consolidation. Many cards offer these transfers at just 0% interest over an agreed to time period, making them perfect for consolidating your credit and store card balances. However, before taking the plunge you should understand your own situation and how much you can afford for monthly repayments. Never transfer any...

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