Can Indebted Students Find Debt Relief In Credit Card Debt Consolidation?

by Broke Grad on February 6, 2012

The best part of college life is the ability to taste financial freedom. When you’re a student in college, it may seem that it is impossible to pay more than the minimum monthly payments on your credit cards. However, if you’re living on a fixed income where you’re earning through allowances or from a part-time job, you have to be careful so that you may save enough money and build a rainy day fund from which you can repay your credit card debts when you’re going through a credit crunch.

As the interest rates on the credit cards are outrageously high, you have to make sure that you pay more than minimum monthly payments in order get rid of debt as soon as possible. Despite taking all the efforts to get rid of debt, if you still incur revolving debt, you should get help from a credit card debt consolidation company.

How can you benefit by getting help from a credit card debt consolidation company?

The biggest issue that the college students face while repaying the debts is the fact that they have to split their payments among multiple credit card servicing companies. They have to remember multiple due dates, and this is probably the reason that they tend to forget the dates and start defaulting. Shortage of funds is certainly another reason of defaulting on the credit card payments. Consolidating credit card debt may take various forms but whichever option you choose, you’ll tend to benefit in some common ways.

  • The interest rates will be lowered on the credit card accounts.
  • The monthly payments are revised and the repayment term altered to assist the debtor to repay with ease.
  • You can waive off all the late fees and the penalties so that you can lower the monthly payments.

Choosing the best credit card debt consolidation company

There are many debt consolidation companies in the market that are waiting to offer their services to the student borrowers and unless you choose the best among them, you may not benefit in the best possible way.

  • Always check whether or not the company is registered with the BBB or the Better Business Bureau so that you may be able to know the authenticity of the company.
  • Go through the consumer complaints and the reviews so that you may know the quality of the services provided by the respective company.
  • The credit card debt consolidation company that you choose should offer you free debt counseling so that they can assess your basic financial state before offering you with any kind of help.

Therefore, when you’re someone who is still in college but has amassed a huge amount of credit card debt, you should get help from a credit card debt consolidation company so that you can repay your debts with ease and thereby lead a happy life. Stop using your credit cards further until you become free of debt.

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1 Rent Textbooks Online February 6, 2012 at 3:16 pm

wow! Awesome to see a new post from you. I do think that is they are smart and find the right company that they can help. But there are many scams out there so people need to be careful when choosing.

2 Economically Humble February 8, 2012 at 9:42 pm

A friend recently went though this and mentioned that it was useful for her to work with the credit card companies directly and contact a non-for profit consumer protection agency. Now thats she’s on the right track, I suggested she head over to the credit union and take a financial literacy class.

3 Rent Textbooks Online February 13, 2012 at 9:55 am

Nice post and thanks for the info

4 Sandee Ferman February 13, 2012 at 9:44 pm

You could use a debt management company (debt consolidation, as you call it) but you also could just do this yourself. All it takes is a phone call to each of your creditors to ask for a debt management plan. The companies have departments that do this for you.

Also, you can request a different payment date so you don’t forget to make the payments on time.

5 Bethy @ Credit Karma February 21, 2012 at 6:42 pm

Another idea is to try a balance transfer card, which will essentially consolidate your credit card debts across multiple cards on to just one. You’ll get the benefit of a 0% promo APR that usually lasts between 6 and 18 months. A few downsides are the balance transfer fee and the fact that, if you don’t pay off your balance by the end of the promo period, you might be responsible for paying the interest on the original transferred amount. Still, a good tool for those who can keep from making additional charges on a BT card while paying down debt.

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It is also smart to be wary of scams cause there are plenty of them out there.

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I think it is a smart way to try and get a grip on it thanks for the info.

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?n a parallel layout, t?enty ?mall balanced resistance-trained
athletes ?ere reviewed f?r energy spending f?r 1 wk a?d fed a mixed diet (15% protein, 100% energy)
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regular energy intake), comprising ?ossibly 15% (?pproximately 1.0 g x ?g(-1)) protein (control ?roup, n = 10; CP) ?r 35%
(?pproximately 2.3 g x ?g(-1)) protein (hig?-protein
g?oup, n = 10; HP) for 2 wk.

Decreasing daily calorie intake ?s ?ormally the initial technique t??t dieters t?y reduce t?ose unwanted pounds.
?onetheless, a brand ?ew study released i? the journal Obesity discovered t??t including protein f?om sources ?f pork
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?he newe?t re?earch, conducted ?y Dr. Wayne Campbell, lead
researcher at Purdue University’s Laboratory f?r Integrative Rese?rch i? Exercise,
Nutrition ?nd Ageing, ?nd his colleagues examined t?e weight loss ?f 46 over-weight or fat females ?ho implemented one of t?o reduced-calorie diets.
?ne g?oup ate ? diet that included ?bout eighteen percent
?f the?e calories f?om protein. ?he other gro?p ate an increased protein
diet – ?bout 30 percent of total calories fr?m protein, including 6 oz of lean
pork typically ?er day.

Th?ir habitual training w?s continued ?y subjects t?rough the review.

?hole, trim body, ??d fat mass, efficiency (lift hop,
maximal isometric knee extension, ?ne-repetition maximum (1RM) bench press, muscle endurance bench press, ?nd 30-s Wingate
test) ?nd fasting blood samples (glucose, nonesterified essential fatty acids (NEFA), glycerol, urea, cortisol, free testosterone, free Insulin-l?ke growth factor-1 (IGF-1),
a?d growth hormone), ?nd psychologic measures w?re reviewed at t?e conclusion
of every of the f?ur wk.

“One of the biggest problems we notice about regarding dieting is the requirement for supper satisfaction. When persons deficiency satiety or perhaps the feeling of depth, more frequently then not they will feel miserable and overindulge,” stated Kathleen Zelman, MPH,
?D. “Consuming many different lean protein food will help people stay on track.”
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?ut you don’t ne?d t??t (do you?). Yo? w?nt a
solid, lean body. Yo? want to keep your strength, y?ur energy, yo?r agility, ?nd y?ur acceptable l?ok.
You intend t? burn fat ?hile preserving (?r even building u?on) ?our present muscle.
Beside?, ?f you’r? mostl? c?nsidering burning fat,
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the? to fuel u?. Alongside t?e mind and t?e organs, y?ur muscle tissue ?s one of
the biggest consumers ?f energy i? the body, ?nd the more
y?u have, t?e ?etter your fat loss. It’s a pattern
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Effectively, ??u ??e able to k?ep it ?round, but
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Get your complete ?f eac? ot?er, be?ause ?ou’re
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Chicken ?lso delivers ?n im?ortant am?unt of nutrition ?n ev?ry slim portion.
? 3-ounce serving ?f pork tenderloin ?s an “excellent” source ?f protein, thiamin, vitamin B6, phosphorus ?nd niacin, ??d ?
“good” source ?f riboflavin, potassium ?nd zinc, nonet?eless contributes ?ust ?ix percent ?f t?? energy ?n a 2,000 calorie diet.

weight loss advice
Lean Pig Helps Gals Protect Lean Body Mass ?aving Weight Loss

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