http://www.americandebtreduction.com/debt-consolidation/credit-card-debt-consolidation.html Credit card debt consolidation is a necessary evil for some people who are at the end of their ropes, financially speaking. Can credit card debt consolidation help you? en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Rent............................$800 Utilities.......................$250 Car Payment............$250 Car Insurance..........$ 80 Student Loan...........$125 MasterCard..............$ 75 Visa...........................$ 65 Dept. Store 1...........$ 40 Dept. Store 2...........$ 45 TOTAL......................$1,730 Income: $1,900 Does this look like your monthly budget? If so, things are pretty tight. This leaves you with $170 a month for gas, food and other necessities and incidentals not mentioned. It also doesn't include a savings account. Do you realize that if you had no credit card debt, you'd have an extra $225 each month? That sure makes things easier. But you can't afford to pay more than the required monthly minimum, and things are getting so bad that you occasionally have to put food and/or gas on your Visa. On top of all that, you are sometimes invited to weddings, baby showers, etc. and all of those things require gift giving (which is not in the budget). You are starting to feel desperate, but you're not sure what to do, so you don't do anything at all. You definitely don;t consider online debt consolidation - who wants to risk that! Then your car breaks down. The repairs will cost $400, which maxes out your Visa. (There's not enough room on your MasterCard.) Now you're scared. Your credit is good, but you want to keep it that way. On a whim, you search the Internet for debt help and come across our site, where you learn about credit card debt consolidation. How Credit Card Debt Consolidation Helps When you enroll in a credit card debt consolidation program, a debt consolidation professional contacts your credit card companies to get your balances and interest rates reduced. Then they combine all your credit card balances into one, and you make one lower monthly payment to the credit card debt consolidation company. (The credit card debt consolidation company will look at your debt-to-income ratio to determine what you can afford to pay each month. Chances are, your payment will be significantly less than it was before because the credit card debt consolidation company wants you to be able to have some breathing room.) Next, your payment is distributed among your creditors by the debt consolidation companies themselves, and because of the lower balances and interest rates, you are out of debt in five years. It would have taken you 18-30 years if you had continued paying just the required monthly minimum on each card, and the way things were going, you were barely going to be able to meet your required monthly minimum!! If this sounds like something that can help you, search the Internet for a credit card debt reduction company. Many of them have online forms you can complete and submit to get recommendations in 24 hours. That way, you can compare their recommendations. And since there's no obligation by submitting a completed form, you have nothing to lose. Why not get started today? Your immaculate debt consolidation loans await. Find the debt consolidation services that will deliver. Sat, 26 Jul 2008 15:00:00 EDT