I f you have six credit cards and making a minimum payment every month, I’m sure you will get into a heavy debt like me. Because of the high interest rates imposed by the banks, a little amount of my payment goes to principal.
I tried to look some help on internet how to settle my debts. The best way is to consolidate credit card debt for a lower payment at lower interest rates monthly. I will pay only one bill every month because I placed my debts into one company.
But it’s a sad thing to know that I’m living in a country that Consolidation Company is not available. The only offered here is balance transfer for lower interest rates. In my case, I cannot avail this program due to over credit limit. I’m hoping that there would be a company that will soon offer this service to help like me to free from debt.
Sunday, July 12, 2009
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