http://www.debtreliefbelief.com/credit/credit-card-consolidation.html Credit card consolidation is a great first step toward debt relief. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Having a credit card isn't that big of a deal. You use it, you get things - and if you max out then well you just have to pay it back over time. You might take a few hits against your credit in the meantime, but so what. You're healthy, you're alive,a nd in all fairness the debt really isn't that bad. Ok. Having 5 credit cards on revolving payments is a different story. Now is the time for credit card consolidation Carrying multiple revolving or maxed out credit card balances is a great way to ruin your financial picture - and credit card consolidation. There is nothing too fancy about credit card consolidation: You take out a loan for the existing amount of credit card debt you possess. You pay off all the balances all at once. You repay the single demand over time, with a significantly lower APR. Easy - yet for some reason people are reluctant to take that step and seek out a means to consolidate credit cards. Timidity stems from very sound thinking. As with most debts, unless you pay off the full amount you will take a hit against your credit score. Most companies offering credit card consolidation will combine that with negotiation, bargaining down your overall debts to something you can easily manage. Thats all fine and good if all you are interested in is getting rid of that debt form your credit cards. Yet preserving your credit for future use demands you repay the full amount, something credit card consolidation can indeed do should you let it. Make your move If you find yourself continually stressed about debt and are thinking about credit card consolidation, do it now. The faster you act the faster your increasing debt will disappear and the quicker you can finally begin working on that debt recovery. With complete credit card consolidation you will maintain whatever credit score you currently have, while at the same time building upon that credit as you pay off your debts and your new loan. Credit card consolidation - the smart choice for a country buried in plastic. Sat, 26 Jul 2008 15:00:00 EDT