Is it right for you?
When used correctly, credit cards can be a great tool. If you have a line of credit at your disposal you can take advantage of deals, discounts, and special offers even if you don’t have all the resources to handle the purchase price up front.
The problem is that the same thing that makes credit cards empowering also makes them dangerous. It is both easy and alluring to run up a ton of credit card debt. And once it begins to mount, it is hard to start paying the debt down.
People in this situation often turn to credit card consolidation. This promises a simple solution and makes a lot of appealing promises. But the truth is that credit card consolidation is not the best way to resolve credit card debt. And in many cases, it can even make the problem worse.
Debt relief providers sell you on the idea that credit card consolidation is the smart and sensible way to get out of debt. By repackaging all your loans into one, you can lower your monthly payments and your interest rates at the same time. Sounds like a win-win, right?
But if you carefully dive into the numbers, credit card consolidation proves to be an empty promise. You may pay less now, but you will have to pay it for longer. As a result, you commit to thousands of dollars of more debt. In other words, you sacrifice your long-term financial health for some temporary relief.
Another problem with credit card consolidation is that it does nothing to address the debt itself. You still owe the same amount of money, and you have not put yourself in a position to make smarter financial decisions. That is why many people who rely on credit card consolidation see their debt only continue to climb.
The appeal of credit card consolidation is strong. But all it really does is put your debt in a shiny new package. It is not a solution to your financial problems – it is a postponement. In many cases, it simply asks you to pay for false hope and deeper problems.
Instead of putting your faith in credit card consolidation, commit to a plan that can impact your debt in a positive way. At Good Credit For Life, we work with clients like you to find effective and affordable ways to eliminate credit problems.
We start by eliminating mistakes on your credit report and working with the lending agencies to get damaging information taken off your record. This way you don’t have a reputation as a risky borrower and fall prey to the riskiest credit offers.
Next, we work with our clients to develop a plan for credit repair. Once that plan is in action, we offer monitoring and managing services to help keep you on the path towards progress. We do not offer the same flash-in-the-pan solutions as credit card consolidation companies. We do offer proven solutions that work. Here are some of the reasons to partner with Good Credit For Life:
2 Offices Serving You
901 S Mopac Expressway
Building 1 Suite 300
Austin, TX 78746
888-636-7310
2950 North Loop West
Suite 500
Houston, TX 77092
888-636-7310
