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Debt Consolidation Tips for Credit Cardholders

Here are tips that can help you handle a debt consolidation loan or a zero-interest balance transfer credit card in the most responsible way you can.

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Debt Consolidation Tips for Credit Cardholders

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  1. Debt Consolidation Tips for Credit Cardholders

  2. 1 Look for credible lenders 1 Remember the importance of obtaining debt consolidation programs only from licensed or accredited lenders and financial organizations. This way, they can avoid being a victim of scammers or con artists Consumers who wish to take out debt consolidation loans as well as zero interest balance transfer credit cards should resolve to take such accounts only from legitimate lenders.

  3. 2 Shop and compare different debt consolidation loans and balance transfer credit cards

  4. Credit cardholders who intend to consolidate their credit card balances into just one account should never settle for the very first card or loan that they will come across with. Take time for shopping and comparing the programs offered by different credit firms and agencies.

  5. pay particular attention to the terms of payment, interest rate, fees and charges and other conditions imposed on various balance transfer credit card accounts, unsecured as well as secured debt consolidation loans.

  6. 3 1 Submit your payments on time This way, you can remember when your charges are due and you can always make early or on-time payments. Set up a personal reminder system that will help you manage your payments.

  7. You may also consider setting up automatic payment with your bank to ensure that you will not miss a single due date.

  8. 4 1 Stay on top of your finances A lot of consumers have the tendency to go back to their old habits as soon as they pay off all their debts using either a secured debt consolidation loan or a low-interest balance transfer credit card. Avoid committing the same mistakes that once led you to bad credit.

  9. Come up with a monthly budget plan and make sure that you stick to it. prevent yourself from falling into new debt traps and you can avoid inflicting damage to your personal credit standing.

  10. Contact Us! follow us on twitter customerservice@newhorizon.org visit our website Like us on facebook Call us at 1-888-308-7160 subscribe us on youtube

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