Credit card debt is not rare problem. Every year, thousands of consumers struggle with bad credit because of poor management of their credit cards. When stuck in credit card debt, is there an easy way out? In this post, let’s talk about two debt consolidation options that can be applied on credit card debt. Visit http://www.newhorizon.org/Info/debtconsolidation.htm for more details about debt consolidation loan Contact Us! - http://www.newhorizon.org/NHBS/contact.htm Email us at admin@newhorizon.org Toll Free Phone no. (888) 778-5677 Connect with us! Facebook: https://www.facebook.com/NewHorizonBusinessServicesInc Twitter: https://twitter.com/NewHorizonOrg Youtube: https://www.youtube.com/user/CreditRepairCoach Pinterest: http://www.pinterest.com/newhorizonorg/ G+ http://www.pinterest.com/newhorizonorg/

1. Top 2 Options for Credit
Card Consolidation
By: NewHorizon.com

2. Credit Card Debt
Consolidation Loan

3. Acquiring a loan from a bank, a private
lending firm, or credit union are the first
debt consolidation options.

4. Continuous accumulation of debt can be
avoided by paying off credit card debt with
a loan.
submit only one payment each month, and
enjoy a lower rate of interest.

5. Debt consolidation loans
require the submission of collateral. If you
have a large amount of credit card charges,
you may need to submit collateral with a
higher value such as a home or vehicle.

6. After consolidating, keep in mind that you
have a responsibility to submit your
payments on time since defaulting on your
debts would mean losing the property to
your lender.

7. Balance Transfer
Credit Card

8.  acquiring a zero balance transfer rate
credit card.
o By transferring your charges to
a credit card with 0% APR,
debt repayment can be much
easier.
o The 0% APR offer is just a
promotional rate, not a
permanent deal.

9. o Under the new credit card law,
credit card issuers must offer a
minimum promotional period
of 6 months, and no less than
that time frame.
o After the introductory rate, the
regular APR will apply.
o Be aware of what the regular
APR would be when the
introductory period ends.

10. transferring all your balances to one
balance transfer card can max out
your credit limit which can hurt your
credit rating.

11. Avoidcharging new purchases to
your credit cards especially while you are
still working on repayment.

12.  to make sure that there are no unauthorized
charges or illegal transactions made in any of
your accounts order a copy of your
credit report before consolidating.
 You must send a dispute letter right away to
the bureau that issued your report if you
discover some errors in your credit report.
Source:
A Closer Look at Credit Card Consolidation

13. Connect with Us!
Contact Us! - http://www.newhorizon.org/NHBS/contact.htm
Email us at admin@newhorizon.org
Toll Free Phone no. (888) 778-5677