- Be careful when you sign (or even agree to anything over the phone). If you don't know what it means, ask a friend or family member to help you. In many cases, these institutions will get your whole paycheck and then send you another check which will be much smaller than you ever expected.
- Stick with the well-known institutions even if the deal does not appear to be so attractive (when someone promises the moon and the stars to you, there is probably a catch). Some of these companies are LendingTree, CareOneCredit, Ameriquest Mortgage, etc.
- Avoid Predatory Lenders. Swimming with loan sharks is never a good idea. The only thing worse than high interest payments is shady loan sources. Get a good reference before jumping in the deep end.
- Turn many Credit Cards into ONE.High interest credit cards are some of the worst culprits behind personal and small business insolvency. Do your best to consolidate all of those cards into one card. Paying over 20% interest means you’re getting ripped off.
Credit Card Debt Consolidation Tips & Advice
Get credit card debt consolidation tips, credit card debt tips and learn how to eliminate credit card debt. In today's world, the amount of people going into debt each day is continuously on the rise. Whether it's because of credit card debt, home loan debt or any other debt. Just because you have debt, it does not mean that you should stop having a life. People get into debt for a variety of reasons.
