Sunday, August 24, 2008

Bad Credit Debt Consolidation Loan Advise

Bad Credit Debt Consolidation Loan Advise - this was a search used to find the information on this page, I hope it is helpful to you...

For example, if you have one line of credit with a $5000 balance at 20 percent interest and move it to a balance transfer credit card with a 15 percent interest, you will save $250 on an annualized basis on that balance. Released on the first day of National Credit Education Week, the Credit Canada survey of 4,000 Canadians paints a dreadful portrait of the state of personal finances in our nation.

Stay out of the debt trap by thinking carefully about what you want and what you really need before you head out to spend. If you cannot solve your money problems by budgeting or by debt consolidation, then debt negotiation and settlement with your creditors trough a Debt Management Plan may be right for you.

You just might be surprised at the strong possibility that you spend more than you earn. I am amazed at how many of my clients fail to balance their checkbook. Due to its unsecured nature, lenders tend to charge a very high rate of interest to cover the risk factor involved.

To regain control of your life and finances, you have to continue to apply the principles you have learned. At this point, debt management is a good option.

Bad Credit Debt Consolidation Loan Advise

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