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Most debt consolidation companies do nothing better than simply ruin your fico score in order to settle your debt. If you really want to work with an agency that will help you reduce your debt, contact a company member of “CONSUMER CREDIT COUNSELING SERVICES” (CCCS)

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sccrealestateuncensored.com/2008/repair-credit-legally-remove-negative-accounts/

micasamidinero.com/2008/reparo-credito-eliminando-legalmente-cuentas-negativas/

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Many people think that when they have accrued more credit card debt than they can repay in a few months they are slaves to the credit card companies and are forced to live in debt for the rest of their lives. Nothing could be further from the truth. This article will serve to dispel common credit card debt myths and show you how you can be debt free.

Myth 1: It is best to pay the same amount of money on each of your credit cards each month.

This myth is absolutely false! You should come up with a monthly budget and determine how much you can spare for your bills each month. Pay your minimum balances on your lower interest accounts and use all of the left over funds to pay down your highest interest credit card as fast as possible. Once you have paid down the highest interest rate account follow the same procedure until you have all of your accounts paid off.

Myth 2: Card card companies never lower interest rates.

This myth is only partially true. Companies do not generally lower interest rates. However, they will often lower your interest rate if you call and ask them to. Ask to speak with a supervisor if the customer service representative is unable or unwilling to help you.

Myth 3: Credit card companies never waive fees.

This is another myth that is only half true. Companies are in the business to make money so they do not generally waive their fees. However, many credit card companies will wave certain fees, such as late fees and over the credit line fees, if only you ask. In this instance as well be sure to ask to speak with a supervisor if you find that you are unable to get the assistance that you desire from the customer service representative.

The 4 Biggest Myths About Debt Consolidation

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