http://www.debtreliefadvice.com/credit-card-debt/credit-card-debts/consolidate-credit-card-debts/ Consolidate credit card debts and save yourself a lot of time, money, postage and stress. Learn about ways to consolidate credit card debts here. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 When you make the choice to consolidate credit card debts, you're saving more time and money than you ever thought you could. Make the Choice to Consolidate Credit Card Debts At this point in your debt management research, you may thing that credit card debt consolidation gets you out of debt faster. But nothing illustrates the savings of time as well as money better than the following example: If you have $10,000 worth of credit card debts and you're paying 18.5% interest typically takes 32 years and $24,500 to pay off if you don't pay more than the required monthly minimum. But when you enroll in a credit card debt elimination plan, you lower your interest rate dramatically, allowing more money to go towards the principle. How Consolidation Works When you decide to consolidate credit card debts, an expert in the field of debt consolidation will contact your creditors to get your credit card balances and interest rates reduced. Then they combine the new balances and you make one payment to the debt consolidation company instead of several monthly payments to your creditors. The reductions are so great that you can be out of debt in about five years. And if you've had a few late payments or missed some payments, your creditors are probably on your back about it, hassling you by phone and by mail. But when you consolidate credit card debts, the debt consolidation company takes over all correspondence from your creditors, so the days of harassment end. Another bonus when you consolidate credit card debts is that if you've had some late payments, your credit probably took a hit. But when you enroll in a program to consolidate debt, some of your creditors might agree to report your accounts as current instead of delinquent after they receive a few on-time payments. Debt Consolidation Options When you decide to consolidate to eliminate credit card debts, you'll learn that there are many different ways to go about it. You can consolidate debt online, or enroll in a consolidation program like credit card debt consolidation, Christian debt consolidation, student loan debt consolidation and even bad credit debt consolidation. Whatever you do, remember that time is money, and your wasting both if you don't consolidate credit card debts today! Sat, 26 Jul 2008 15:00:00 EDT