What you need to know about bad credit debt

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Clear up credit card balance without filing bankruptcy

Tuesday, November 11, 2008

Trying to be free of a mountain of credit card collection notices?  Hassled by a lot of annoying calls from collections call centers?  Can't get a new vehicle or a new wardrobe because your credit tapped out?  You might want to look into some common and proven steps of climbing out from under that hill of overdue notices:


Shift the balance of your credit card from the card with higher rates to your cards with low interest rates.  Doing this empowers you to get charged lower interest as you work on discharging your remaining debt.

Switch the account which has the biggest interest rate to a low monthly interest card, phone the card provider, notify them your money difficulties and request their help with reductions your monthly rate.  Do this method for all your credit cards today.

Completely eliminate the leftover balance of your high interest cards, and stop using them.  If full balance payment is not feasible, take off as much as you can.

Contact a veteran credit consolidation consultant and look into credit card debt consolidation systems you can exercise.  This is a viable option to your situation.  Take advantage of their expertise to completely beef up your personal cashflow.





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