Credit cards are evil products, and anyone who has ever been faced with extremely high APR’s can recognize just how evil they can be. Unfortunately, there are emergencies that come about where we have to use credit because we do not have the available cash to take care of it. It could be a medical issue, a car repair, or something else that is an emergency. Buying shoes and clothes are not included. If you have credit card debt and you want a magic solution for ridding yourself of the debt there are only a few things you can do, none of which are really magic. One option you have is seeking credit card debt consolidation non profit companies. The credit card debt consolidation non profit companies that exist will offer you free advice, help and more to consolidate your debt into a loan.
The loan will create one payment and one interest rate instead of the multiple payments and interest rates you have been dealing with. With credit card debt consolidation non profit organizations you are not required to pay the person helping you. Instead they will ask for a donation. This is due to the alternative revenue stream they have. Most non- profit organizations are privately funded and run by volunteers. Since the credit card debt consolidation non profit is run by volunteers you really need to do your homework.
How long have they been around? How long has the person helping you been a part of the credit card debt consolidation non profit organization? The longer the person and company have been around the better off you usually are. It means they are legitimate and not a scam. It also means they are dedicated to helping you and have helped others. If you feel uncomfortable with the person you are working with you can move to a new company. You can also try to solve your debt troubles on your own. The nice thing about these non- profit organizations besides the money they can save you is their connections. They have more connections to help you deal with debt than you might have available by yourself.