Thursday, March 01, 2007

Debt consolidation advice


If you have a lot of accumulated credit card debt over the festive holidays, you may want to consider debt consolidation. This simply means combining all your outstanding into one lump sum and making one repayment to one creditor instead of paying to multiple creditor.

What you can do is to transfer all your outstanding amount to a credit card that offers lower interest rates. If you do not have a credit card with an unused credit, you may need to apply for one and transfer the amount over. Best if it offers 0% balance transfer. That'll definitely save you time and money for at least a few months.

Here at, they have an article in their library that's very helpful if you want more information on debt consolidation. And also another on budget planning help. Check it out.

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