Credit Card Debt Consolidation
You’ve probably unwillingly seen one too many late-night infomercials where some friendly- and intelligent-looking person tells you that all of your debts can magically disappear -- all you have to do is call this number in the next 10 minutes, and a debt management expert will start getting rid of them all!
When you’re in a good place (financially speaking), it’s easy to tell that these companies are questionable at best, and it seems obvious that they are leaving out more than a few important details. But when your finances start getting out of hand and you start getting desperate to find a solution, it’s easy to be pulled into the web of trickery that these companies throw at you. Considering placing a call to one of these services doesn’t make you any less smart or more gullible -- it’s simply a sign that you’re struggling and you need help.
It’s also a sign that you’ve acknowledged
that you can no longer ignore the debts that have been piling up for far too long. You may not realize it, but that’s a pretty big step to take. Actually, you should take a minute and pat yourself on the back for taking this most important step. It’s impressive that you’re willing to face this problem head-on, even though you know it’s not going to be fun.
Credit card debt can be extremely confusing, if only because there are so many lenders, interest rates, and monthly payments to keep track of. If you’re feeling overwhelmed by it all, you’re definitely not the only person who feels that way. Many people -- even ones who don’t have trouble making payments on time -- decide to consolidate their payments because it’s easier and more convenient.
Consolidating your credit card debt is a great option if you feel confident that you can make your payments. It’s also possible to accomplish without much help from a financial adviser. Unlike other debt solutions (like making settlements or filing for bankruptcy), all it takes is a little bit of organization and research. If you’re capable of organizing and understanding your financial situation (including spending habits, monthly income, and prioritizing bills), then it’s possible to handle this by yourself. If you aren’t so sure that you can do this yourself, there is no shame in calling a debt relief expert to help you sort through it all.
The key with consolidation programs is that your debt won’t just disappear; in fact, it could take a pretty long time to pay off. But that can actually be a good
thing, believe it or not. First of all, you know
that those sketchy infomercial companies aren’t really telling you the whole truth about their services; you know
that you can’t just make all your debts go away at the drop of a hat, and you should be very leery of anyone who tells you that it’s possible.
And second of all, paying off your debts -- on your own terms -- will provide the reassurance that yes, you are
capable of managing your money like a responsible adult. The real secret to making your consolidation program work is, in fact, you.
You may not realize it, but you
have the power to put your previous questionable decisions in the past and decide to make responsible decisions from here on out. You
have the power to acknowledge when you need a little help, and no one can make you feel embarrassed or ashamed about it.
It’s easy to convince yourself that no one else is struggling, that it’s not normal to have problems paying off debts, and that you’ll never find a solution. But none of that is true, and when you finally find a payment strategy that works for you, you’ll realize that you’re more than capable of handling your debts. Maybe you just need a little help -- and something like a consolidation program can give you the boost that you need.