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Follow on Google News | Credit Card Debt Consolidation Loans – Tips For Debt ReliefWhen you are looking for a debt elimination plan, cheap credit card debt consolidation loans may be an option that comes to mind.
By: deletedebttoday.com Banks are very hesitant to lend to individuals that do not have high credit scores and are consider great credit risks. Generally, people that fall into this category are never going to find themselves in the position of needing a loan to consolidate consumer debt. In order to qualify for a cheap loan, you will need a high credit score. Usually a score of 780 or better will qualify you for the best rates available. Debt consolidation loans have some major disadvantages. Many of these loans are secured with your home putting your home in jeopardy if you fall behind on your payments for any reason. Securing your credit card debt with your home is just not smart. One of the other big problems with moving your debt from your credit cards to a home equity loan is the credit that becomes available on the credit cards. Statistics show that most people that consolidate the debt with a loan will have credit card debt again within a year. If you are looking for an option to consolidate credit card debt, credit counseling offers you one of the best options for making only one payment each month without a loan. You do not need to own a home or have good credit to be able to take advantage of this program. You will be required to make a 2% payment each month and will be debt free in about five years. If you are having problems with debt, the last thing you need is another loan. Get a free quote for debt consolidation today! Free Debt Advice (http://www.deletedebttoday.com) # # # Debt consolidation is a legitimate debt relief tactic however there are other debt relief options that might make more financial sense for your current situation. It would be wise to talk with a debt relief specialist that will be able to provide their professional opinions on your current situation. Check out the following link to get a free debt relief consultation from a financial specialist in your area: Free Debt Advice (http://www.deletedebttoday.com) Or Call - 8008940286 End
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