How To Consolidate Credit Card Debt Columbus OH

Consolidating credit card debt into one easily manageable payment with a lower interest rate makes sense for many cardholders. Cardholders should first examine their spending habits. Are they likely to run up high levels of credit card debt again? If so, it might be wiser to work with a financial counselor who can address their unhealthy spending habits.

Local Companies

Polaris Financial Services
614-264-3864
7129 Hilmar DR
Westerville, OH
Financial COMFORT Consulting, LLC
614-595-0784
P O Box 751
Brice, OH
Wellman Tax & Business Advisors, Inc.
614-991-5107
5650 Blazer Pkwy
Dublin, OH
AmerAssist
(702)9975446
8415 Pulsar Pl
Columbus, NV
Cccs of the Midwest
(330) 965-6583
Columbus, OH
Consumer Credit Counseling Services of Central Ohio Inc
(614) 464-2227
697 E Broad St
Columbus, OH
Consumer Credit Counseling Service of Central Ohio
(614) 552-2222
4500 E Broad St
Columbus, OH
Amerassist Inc
(614) 848-3225
8425 Pulsar Pl
Columbus, OH
Dmc
(614) 221-4040
209 S High St
Columbus, OH
Credit Counseling Centers of America Inc
(614) 224-5444
111 N 4th St
Columbus, OH

Consolidating credit card debt into one easily manageable payment with a lower interest rate makes sense for many cardholders.

Cardholders should first examine their spending habits. Are they likely to run up high levels of credit card debt again? If so, it might be wiser to work with a financial counselor who can address their unhealthy spending habits.
 

Going alone

It is possible for cardholders to consolidate on their own, simply by moving all their existing credit card balances onto one card with a lower interest rate. The benefits of such a move are simple: The lower interest rate will help consumers catch up to their debt more quickly, while having all their debt on one card makes managing payments easier. But cardholders should move cautiously. Many credit cards feature low interest rates for a short introductory period. Cardholders must make sure they will either pay off their debt before the rate adjusts or the new rate is still significantly lower than the interest on their other credit card bills.

Going with a professional

There is an entire industry of debt counselors waiting to help consumers consolidate their debt. But before cardholders sign up with any of them, first contact the National Foundation for Credit Counseling. This is a non-profit organization dedicated to helping consumers manage, reduce and eventually erase their debt, including debt racked up on credit cards. Cardholders can visit the organization’s Web site at www.nfcc.org or call 800-388-2227 to locate an approved debt-counseling organization in their area. By going through the foundation, consumers can avoid the disreputable debt-consolidation companies in the business.

author: By Dan Rafter

Featured Local Company

Polaris Financial Services

614-264-3864
7129 Hilmar DR
Westerville, OH
www.columbusfinancial planningpros.com

Related Local Event
We All Fall Down: The American Mortgage Crisis
Dates: 10/27/2009 - 10/27/2009
Location: Drexel East
Bexley, OH
View Details