Consolidating Credit Card Debt

Settle Your Credit Card Debt provides debt solutions so consumers can consolidate high rate credit card debt into a lower fixed rate payment. We are a debt relief company that provides financial advice for debt reduction and bill consolidation. Credit card debt is the number one financial problem of Americans today. The average household has a revolving credit balance of about $8,000. Are you drowning in debt? Since the government takeover of Fannie Mae and Freddie Mac, interest rates have slashed down below the 6% mark for the first time in over a year. Now, could be a time to lower payments and save money by consolidating debt into a refinance loan.

Some homeowners may not want to take unsecured credit card debt and convert them into a secured loan using the house as collateral. But now that the bankruptcy laws have changed, there's no reason why you shouldn't. Plus, variable rate credit cards with compounding interest could be costing you a lot more than you realize.

Minimum credit card payments are now doubled. Some people may have been forced to pay emergency medical bills, and sometimes their regular monthly bills, using their credit cards due to job loss or sudden pay cuts due to having to take a job that doesn't pay as much as the old one did. At the time they did that their income may have been enough to make those minimum payments. But, now it could be a different story. Before you sink deeper into credit card debt, it may be time to consider a credit card debt consolidation refinance loan. Consolidation of your credit cards not only will save you money, but it could be tax-deductible. Interest from refinance loans is tax-deductible, which could lower your tax bracket and allow you to save even more.