http://www.aboutcreditcarddebt.com/credit-consolidation/free-credit-consolidation.html Free credit consolidation would be awesome - if indeed it were really free. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 How many credit cards do you have right now - 3? 10? And of these, how many are maxed out, forcing you round and round the revolving credit door? Oh yeah, we have your number, and we also have the experience to tell you that credit consolidation can and will work. Through credit consolidation loans you will pay a lower overall APR guaranteed You'll be responsible for that single loan rather than numerous different cards You'll work toward the pay off all at once, rather than one at a time. Good things await, and things would get even better if you had access to free credit consolidation. What? Free? Yes indeed - its out there, but even free services carry their costs. Get to know free credit consolidation For our purposes, free credit consolidation is any non-profit company offering credit consolidation assistance without charging excessive fees. Now, immediately you are going to be responsible for two costs: the minimal fees necessary to keep any free credit consolidation program running the interest attached to any loans you will probably have to take out. Now, some of you might be screaming at our stupidity, pulling out your hair and shouting There are other ways to consolidate without using loans! Right - but do you really want to keep your credit accounts active? The high APRs attached to credit cards makes such a move foolish, so basically every opportunity for free credit consolidation will carry some form of consolidation loan. Money now, money later Now think about free credit consolidation from a business perspective - what do these companies stand to gain by offering you free credit consolidation? Well - nothing, aside from the lower fees than you would expect to see with a company operating for profit alone. Non-profit companies offering free credit consolidation don;t have any incentive to go above and beyond and provide you with increasing affordability, lower rates and more beneficial term,s overall - profit minded lenders do. So, take your pick - free credit consolidation or consolidation bought and paid for - we're pretty sure you'll wind up in basically the same place, in the same financial position, in the end. Sat, 26 Jul 2008 15:00:00 EDT