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Top 2 Options for Credit Card Consolidation

Credit card debt is not rare problem. Every year, thousands of consumers struggle with bad credit because of poor management of their credit cards. When stuck in credit card debt, is there an easy way out? In this post, let’s talk about two debt consolidation options that can be applied on credit card debt. Visit http://www.newhorizon.org/Info/debtconsolidation.htm for more details about debt consolidation loan Contact Us! - http://www.newhorizon.org/NHBS/contact.htm Email us at admin@newhorizon.org Toll Free Phone no. (888) 778-5677 Connect with us! Facebook: https://www.facebook.com/NewHorizonBusinessServicesInc Twitter: https://twitter.com/NewHorizonOrg Youtube: https://www.youtube.com/user/CreditRepairCoach Pinterest: http://www.pinterest.com/newhorizonorg/ G http://www.pinterest.com/newhorizonorg/

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Top 2 Options for Credit Card Consolidation

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  1. Top 2 Options for Credit Card Consolidation By:NewHorizon.com

  2. Credit Card Debt Consolidation Loan

  3. Acquiring a loan from a bank, a private lending firm, or credit union are the first debt consolidation options.

  4. Continuous accumulation of debt can be avoided by paying off credit card debt with a loan. • submit only one payment each month, and enjoy a lower rate of interest.

  5. Debt consolidation loansrequire the submission of collateral. If you have a large amount of credit card charges, you may need to submit collateral with a higher value such as a home or vehicle.

  6. After consolidating, keep in mind that you have a responsibility to submit your payments on time since defaulting on your debts would mean losing the property to your lender.

  7. Balance Transfer Credit Card

  8. acquiring a zero balance transfer rate credit card. • By transferring your charges to a credit card with 0% APR, debt repayment can be much easier. • The 0% APR offer is just a promotional rate,not a permanent deal.

  9. Under the new credit card law, credit card issuers must offer a minimum promotional period of 6 months, and no less than that time frame. • After the introductory rate, the regular APR will apply. • Be aware of what the regular APR would be when the introductory period ends.

  10. transferring all your balances to one balance transfer card can max out your credit limit which can hurt your credit rating.

  11. Avoidcharging new purchases to your credit cards especially while you are still working on repayment.

  12. to make sure that there are no unauthorized charges or illegal transactions made in any of your accounts order a copy of your credit reportbefore consolidating. • You must send a dispute letter right away to the bureau that issued your report if you discover some errors in your credit report. Source: A Closer Look at Credit Card Consolidation

  13. Connect with Us! Contact Us! - http://www.newhorizon.org/NHBS/contact.htm Email us at admin@newhorizon.org Toll Free Phone no. (888) 778-5677

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