Did you realize you can consolidate credit card debt even if you already have bad credit? In fact, the majority of American citizens are struggling to keep their head above water.
The idea of consolidating debt is simple.
Take out a new loan and use the loan proceeds to pay off all of your individual card balances.
I mean that's pretty simple, but there's a problem.
By the time most people realize they need a little help, it's already too late.
It doesn't seem like a problem until suddenly you realize you keep getting later and later in the month before making payment.
Or you haven't been able to make any payment at all for more than one billing cycle.
It happens slowly, almost unrecognizably.
The next thing to happen is your credit score starts heading south! So with a lower credit score, and higher levels of debt, no bank is going to anxious to loan you any money.
What should you do? Here's the secret! The first thing you should do is to start thinking slightly outside the box.
Instead of taking out a new loan, or getting a new card, or establishing a new line of credit, leverage the power of a non-profit third party negotiator.
These guys negotiate directly with your creditors on your behalf.
They dedicate their full attention to getting you every concession possible.
Ask yourself these questions.
Can you spend the same amount of time they do hashing out a deal? Do you have the same relationships they do with the major card issuing companies? Do you have the same clout? Would you be just as effective? First, you need to be responsible and make the first contact.
Of course, they will the basic info like the names of the companies you owe, the current balances, interest rates, etc.
They will want to know if you are current or behind on making payments.
Once they have a handle on your situation, you will no longer have to take any threatening phone calls or abuse of any kind.
All communication will be done through your personal third party representative.
Typically concessions come in the form of lower interest rates, lower monthly payments, or possibly even a reduction in the principal balance.
This may sound too good to be true, but it's not! Many non-profit negotiators have been around over a decade.
They are able to acquire their tax-exempt, non-profit status by qualifying as "socially beneficial".
Once this initial phase is complete you will be given a new single monthly payment.
This payment is sent to your third party representative who then re-distributes the money to your creditors.
You make one, lower payment and all of your credit card bills are paid.
So now, for all intents and purposes, you have found a way to consolidate credit card debt without taking out a new loan.
At this point the most critical thing you can do is take action.
If you wait and your account(s) have legal action taken to collect them, you are on your own.
Nobody will be able to help you consolidate credit card debt then, not you or your third party representative non-profit or not.
If right now, you are having difficulties keeping your monthly payments made on time, and you would like a safe, legal way to consolidate, this is it.
The idea of consolidating debt is simple.
Take out a new loan and use the loan proceeds to pay off all of your individual card balances.
I mean that's pretty simple, but there's a problem.
By the time most people realize they need a little help, it's already too late.
It doesn't seem like a problem until suddenly you realize you keep getting later and later in the month before making payment.
Or you haven't been able to make any payment at all for more than one billing cycle.
It happens slowly, almost unrecognizably.
The next thing to happen is your credit score starts heading south! So with a lower credit score, and higher levels of debt, no bank is going to anxious to loan you any money.
What should you do? Here's the secret! The first thing you should do is to start thinking slightly outside the box.
Instead of taking out a new loan, or getting a new card, or establishing a new line of credit, leverage the power of a non-profit third party negotiator.
These guys negotiate directly with your creditors on your behalf.
They dedicate their full attention to getting you every concession possible.
Ask yourself these questions.
Can you spend the same amount of time they do hashing out a deal? Do you have the same relationships they do with the major card issuing companies? Do you have the same clout? Would you be just as effective? First, you need to be responsible and make the first contact.
Of course, they will the basic info like the names of the companies you owe, the current balances, interest rates, etc.
They will want to know if you are current or behind on making payments.
Once they have a handle on your situation, you will no longer have to take any threatening phone calls or abuse of any kind.
All communication will be done through your personal third party representative.
Typically concessions come in the form of lower interest rates, lower monthly payments, or possibly even a reduction in the principal balance.
This may sound too good to be true, but it's not! Many non-profit negotiators have been around over a decade.
They are able to acquire their tax-exempt, non-profit status by qualifying as "socially beneficial".
Once this initial phase is complete you will be given a new single monthly payment.
This payment is sent to your third party representative who then re-distributes the money to your creditors.
You make one, lower payment and all of your credit card bills are paid.
So now, for all intents and purposes, you have found a way to consolidate credit card debt without taking out a new loan.
At this point the most critical thing you can do is take action.
If you wait and your account(s) have legal action taken to collect them, you are on your own.
Nobody will be able to help you consolidate credit card debt then, not you or your third party representative non-profit or not.
If right now, you are having difficulties keeping your monthly payments made on time, and you would like a safe, legal way to consolidate, this is it.
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