A Blessing Or A Curse

We are at a time when money is hard to come by and debt is easy to accumulate. Credit Cards can either be a blessing or a curse. If you have disciplined spending habits then credit card debt is probably not a problem for you. However, their ease of use has made it so easy for many of us to rapidly run up our personnel debt into several thousands of dollars, making it hard to make our monthly payments and affecting our financial well being by causing us to default or delay payments on other things, such as medical bills, mortgages, car and personal loans.

Help is available to consolidate debt. Debt consolidation can take the many pay interest payments you have on credit cards, your mortgage, car and personal loans and roll them in to a lower single monthly payment.

The first thing I did when I went to research reducing my month payments was to do a debt inventory. My credit score was still good because I had not defaulted but I was nearing the edge, where my monthly payments would soon be more than I could cover with my pay. So I decided to take charge and see what debt consolidation options were good for me.

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