DebtConsolidation123 Committed To Helping Indebted Consumers
Mendham, NJ 11/09 - DebtConsolidation123 proudly announces its commitment to helping indebted consumers reverse that trend and get themselves out of debt. Credit card debt accounts for a disproportionately high amount of total debt among consumers. Because credit cards charge extremely high interest, especially if a person falls behind with payments, it often becomes impossible to make any headway toward paying them off. If a person has large amounts of credit card debt and several cards, debt consolidation may be the best answer to taking control back and working on clearing that debt.
The way debt consolidation works is that all the high interest debts, such as credit cards, are put together into a lump sum. A loan is then made, at a much lower interest rate that provides the funds to pay off the credit cards in full. Instead of several payments each month that do not even begin to touch the principal amount of debt, the person now has one payment each month that covers the interest and a portion of the principal.
Some debt consolidation lenders also offer consumer credit counseling services to help consumers learn how to avoid falling into the same trap again. Helping consumers get themselves out of debt is the number one goal of DebtConsolidation123. For more information about how a debt consolidation loan can help one eliminate credit card debt, visit http://www.debtconsolidation.co.za. For more information about the content of this release, contact:
Justin Harrison Marketing
+1 (973) 552-4571
Mendham, New Jersey, USA
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