Archive for debt consolidation

During the mortgage boom many American’s would do a credit card debt consolidation refinance on their home simply consolidating their credit card debt into their mortgage. Some say this is the worst form of credit card debt consolidation. By doing a credit card debt consolidation via home refinance you take an unsecured debt, which isnt tied to anything but your social and now tie it to your mortgage. Credit Card Debt Consolidation Mistakes Some say those performing credit card debt… Read more

According to the Federal Reserve Statistical Release on consumer credit dated September 8th, 2009 “consumer credit debt decreased at an annual rate of 10-1/2 percent in July 2009. Revolving credit consisting mostly of credit cards decreased at an annual rate of 8 percent, and non revolving credit decreased at an annual rate of 11-3/4 percent. Americans are decreasing their debt at a record pace”. Credit Card Debt on the Decline – Credit Card Debt Consolidation Companies Advertising… Read more

Credit card debt consolidation is more popular than ever before. Credit card debt consolidation provided by debt management firms differs from home refinance credit card debt consolidation in that the firms offer unsecured card debt consolidation solutions. In other words you are not putting up your home as collateral for the debt consolidation. It’s done on good faith. Average Americans and Credit Card Debt. The average American household has over 10 thousand dollars in credit card debt…. Read more