Debt Consolidation without a loan is an innovative solution by In Charge Debt Solutions.We take the work out of debt management through debt consolidating: combining your payments into a single, predictable monthly payment. The average credit card interest rate is around 15% APR. The sad fact is that everyone I know who has taken a debt consolidation loan to pay off credit cards will eventually run the credit cards back up.You don’t need to sell anything and live like a monk to file bankruptcy. Could it be because you just lost your first job, and you need to find that job again before you can get a second job? Never mind the fact you are still looking for your number one job to replace your income.
Working with a debt consolidation company means that a representative will contact your creditors and negotiate on your behalf to find a way for you to pay back your debts, possibly with reduced interest rates and no late fees. On the flip side if you are like most of my clients no one will give you credit for anything, except maybe a pay day loan. Great goal, but very unlikely you will ever be able to do it. Then you have a consolidation loan plus all the credit card bills all over again.Do not allow yourself to be misled into credit card debt bankruptcy or paying off credit card debt through consolidation. In reality, there is a big chance that you can eliminate your credit card debt without bankruptcy.You can handle debt collectors with the proper use of the Fair Debt Collection Practices Act.