Debt Consolidation Seen as Help for Plastic Money Users

March 23, 2010 - PRLog -- London(Ask4debtconsolidation) : According to the reports coming out of the big and renowned government bodies, the prices for numerous products and commodities stood at a constant level through the whole month of February, which means that consumers have not spent extra over their regular needs.

The reports presented by the Bureau of Labor Statistics, the level of Consumer Price Index is not showing much difference if compared between January and February. On the other hand. Its showing the increase of 2.1% in CPI on year-to-year basis.

During the month of February, a decrease in the prices of energy was analysed in comparison with the figures of January. However, the increase in the prices of food balanced both the sides of the consumer spendings.

According to the statement given by BLS, there was a decline seen in the indexes of apparel and household furnishings and operations however, the indexes for used car and trucks as well as medical care rose in the same period.

BLS also said that the items different from food and energy also rose in by 1.3% on year-to-year basis. However, this is recorded as the lowest rise in the month of February 2004.

The experts present for the top economic level of the country have seen stating that the prices might have remained at a constant level but, still many would be facing the fear of financial hardship due to the rising unemployment in the country.

Hence, its been advised that those who have used credit cards in excess for their regular purchase can opt for a debt consolidation loan, as this could be helpful in reducing the interest over credit card debts.

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