Couple looking at credit card information

Credit Card Debt Consolidation

When you got your first credit card, everything was green and golden, life was good, and you thought the minimum monthly payment laughable. You told yourself that even if you charged the maximum available on your credit card, you'd be able to afford the minimum payment with no problem.

Then you got your second credit card, and your confidence level grew. You carefully watched the balance on both of your cards and sent in at least the minimum payments on time for both of them without much difficulty.

By the time the third credit card arrived you thought you were on top of the world. Yeah you missed a payment once but that wasn't your fault. Now you will start to be really responsible with all your credit cards. Maybe you'll even set up one of those neat programs that reminds you of when your payments are due in advance and start paying extra on your cards each month.

This is the way the credit card crisis begins for many Americans every year and it always leads to the same place, the realization one morning that you have too much debt and you can no longer make even the minimum payments that you are obligated to. How did those credit card balances ever get so high?

You are not Alone

After suffering for a few months, trying to juggle multiple credit cards and their payments, you may be starting to think that you are the only person in the world with these problems, but you're not. Statistics report that 4% of Americans have more than $10,000 worth of credit card debt, and many of those are having trouble meeting their monthly obligations just like you. The key here is in the reality that credit card companies employ marketing techniques that are carefully researched and rely on years of experience which are designed to make their product seem not only attractive, but also innocuous as well. Thus, many people who get involved with credit cards and credit card debts fall victim to what is known as the 'slow blade'.

There is Good News

The story goes that if you put a frog in a pot of boiling water, it will hop out immediately to save its life. However, if you put a frog in a pot of cool water, it will stay and enjoy its bath. Turn up the heat slowly and sooner or later the frog will boil to death, never realizing its danger. If you are here, then you have not boiled to death yet. There are probably options that can help see you through your current financial crisis and improve your situation overall. One of these options is debt consolidation for all of your credit cards.

Get Expert Advice on Consolidation is here to help link you with our vast, national network of credit counseling services who can help consolidate your credit card debt for you if you qualify for it. Rather than continuing to struggle alone, before it becomes too late and your credit score suffer further damage, talk for free with one of the counselors in our network and see if credit card debt consolidation is right for you. Best of all there's no obligation to use the service if you later decide it's not what you wish to do at this time.

Avoiding Future Credit Card Problems Frequently Asked Questions