Credit Card Debt Consolidation Loan

Credit Card Debt Consolidation Loan

Don't you love shopping?? You get these credit cards because of the discounts you get for opening an account, and then it just seems like it's easier to spend more. In fact, Americans spend up to 30% more on purchases using a credit card than they would if they were just paying cash. Next come the coupons in the mail, making it hard to resist the temptation to spend even more. Uh - oh. Before you know it you just might need a debt loan.

Barbie's Descent into Credit Card Debt

"Take $30 off any purchase of $75 or more! Coupons doubles to $60 when you spend $150!" That's what the email coupon in Barbie's inbox said. When she got home, the same coupon was in her mailbox. "This is perfect timing!" she thought. "I'm going out this weekend and I need a new outfit to be an unrealistic example of what women everywhere should try to live up to!" So, Barbie took her coupons, headed to her favorite store, and spent, spent, spent!

This isn't the first time Barbie had done this exact thing. She was also financing a lot of plastic surgery. Oddly enough, this never made her feel adequate enough. Anyway, all of this led to Barbie's need for a....

....Credit Card Debt Consolidation Loan!

One day, Barbie got several of her credit card bills in the mail at the same time. When she sat down to pay them, she realized that her career change from an engineer, which she thought was boring, to a nail technician might not have been the wisest move. Her income barely covered all of her expenses. When she went to work, she discussed her credit card debt woes with one of her clients, Bertha.

"Honey, it sounds like you need a credit card debt consolidation loan. Do you have a house?" Bertha asked.

"Yes! Yes I do! Why?" Barbie responded.

"You'll need it as collateral for a credit card debt consolidation loan loan."

"What's a credit card debt consolidation loan?" Barbie asked.

"Girl, you need to get with it! It's a loan you can get to pay off all your credit cards. Did you know you're probably paying anywhere from 18-24% on your credit card balances? If you're just paying the minimums, it's going to take you 18-30 years to pay that off!! Do you know how much money that means you're just throwin' away each month that could be spent on shoes?? With a credit card debt consolidation loan, you'll pay interest rates in the single digits. The single digits, girl! Your credit cards will be paid off immediately and you'll have the debt paid off in about five years!"

"But what if I can't afford my loan payment?" Barbie asked.

"Well, then you'll probably lose your house. If you think that will happen, maybe you should check out credit card debt consolidation instead of a credit card debt consolidation loan. With credit card debt consolidation, one of those debt consolidation people calls your creditors and chews on them until they give you lower interest rates, lower your payments and get rid of any extra fees. Then they tie all your credit card balances together into one, and you make one payment to the debt consolidation company. This also gets you out of debt in five years, but your house isn't at risk."

"Wow! How'd you get so smart about all this, Bertha?" Barbie asked.

"Well, I had to get me a debt consolidation loan some time ago and it worked out well for me."

And so, Barbie talked to a debt management professional and found a way to be debt free in five years. Low and behold she got herself back on track with the help of a debt consolidation personal loan.

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