Best source for credit card debt consolidation loans?
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Answer:
I'd say the best credit card debt consolidation loans are here
http://creditcarddebt-consolidation.org/...
They have a bunch of companies listed - compare rates and see who offers the best deal. Also banks are good if your credit is great and you have collateral.
Why consolidate it? Don't move your debt around, pay it off!
You don't need anyone to do it for you. You can do it yourself!
Call all of them and work out a payment plan and try to get your interest lowered or stopped.
Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.
You proabbly need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control.
Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.
Go to the library and get "The Total Money Makeover". Read it and follwo it carefully.
Go check out Dave's website as well.
www.daveramsey.com
Start by calling the credit companies and working out a lower rate (if you're current). Next, STOP SPENDING! Then - pay the minimum on all your cards but the one with the highest rate, use the money you saved from your decreased spending to pay that one off more quickly. Then use the money you were sending to the first company and pay off the next higher interest rate. Keep going until all your cards are paid. After that, if you can't buy it with money from savings - YOU DON'T NEED IT!!
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