Send a Message
to Certified Phil K




Feb 8, 2011

Certified Phil K Profile

Forums Owned

Recent Posts

Credit Card Debt

Credit Card Debt Consolidation Loan - Helps You To Consol...

Please be aware that debt consolidation is most cost effective if you have a very large balance. Otherwise, it makes no sense to pay a monthly fee to have your debt consolidated. For the most part, debt consolidation works by working with all your credit card issuers to lower the interest rates and stop any other add-on fees so that you can finally pay off the whole balance. It works but the catch is to understand the math: the difference in the interest rate reduction + monthly fee to the consolidator, and compare that to what you normally pay your credit card bills each month. And there's always changes going on in the credit industry with new debt consolidation programs availability. You can stay up-to-date with creditors' announcements at http://www.allthin - the 24 hours breaking news journal on all things credit cards.  (Feb 8, 2011 | post #220)

Credit Card Debt

New credit card law goes into effect Monday

I was not happy about this practice either but even with the new law in effect, banks are resorting to new tactics to making a profit (such as eliminating free checking accounts and bumping up fees elsewhere). Still credit cards are a necessity to building credit. As so long as you pay off the balance every month and choose a card with no annual fee, you'll be fine. Discover more credit card advantages and disadvantages at http://www.allthin - the 24 hours breaking news journal on the credit industry.  (Feb 8, 2011 | post #16)