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Because of this frustration, I decided to create the Ultimate Guide to Credit Card Consolidation.
The goal of this guide is to provide you with everything you need to know about credit card consolidation in an unbiased method, so you can make informed financial decisions that best fit your needs.
This often leaves debtors paying more than if they had just stuck with their original payment schedule.
Recommendation: There are many Debt Settlement Company where the representatives are not honest with their counsel or their high settlement rates.
Understanding all those options can be incredibly confusing, especially since they all have similar names, but that’s not excuse for learning what your options are before taking the plunge.We wrote an article estimating debt settlement credit score impact.Also, many debt settlement programs charge exorbitant fees up to 25% of your original debt amount.If you use debt settlement, make sure you find a good company, go through an exhaustive list of pros and cons and always ask about their rates and payment plans.Steve Rhode from Get Out Of has a great article if you are considering Debt Settlement vs Debt Consolidation.