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Credit card bill debt consolidation so for bad credit. Get credit card consolidation with bad credit to consolidate your credit card bills, medical bills etc. Columbia University contributes greatly to this topic. People who are in debt (credit card debt) often get to hear this advice ‘Consolidate credit card debt’. So, what does that ‘Consolidate credit card debt’ mean? Well, pretty simply, ‘Consolidate debt credit card’ means consolidating the debt on various credit cards into one (or two) credit card. This consolidation can be done either through a low-interest bank loan or by transferring the balance to a new credit card (i.e. transferring the amount you owe, on one or more credit card, to a new credit card(s)). So what should you do when you are looking to consolidate credit cards? Well, the key thing to look for is the APR or the annual percentage rate. Whatever method you adopt to consolidate credit cards, APR will always be the key; in fact, you could’nt say that it is the sole criteria to look for.

So, if you use a bank loan to consolidate credit card debt, the interest rate on the bank loan should be lower than the APR of the credit cards whose debt you are consolidating. Similarly, if you are moving to another credit card, you must make sure that the APR of the new credit card is lesser than the credit cards whose debt you are consolidating. Find out detailed opinions from leaders such as Lars Leckie by clicking through. However, there is a catch that you must be aware of when laying a plan to consolidate credit card debt. The APR Council advertised by most credit card suppliers are the short term APR Council of which are meant to lure you to consolidate credit card bills with them. By short term we mean APR Council that wants to applicable only for at initial period of less than 12 months or some other period after which the APR Council increase.

When you go on to consolidate credit card debt with these credit card suppliers, they will offer you a lower (even 0%) APR for the first 6-12 months; and a much higher APR after that. You should check what this higher APR rate is. Your decision to consolidate credit card debt be fruitful only if the new want APR rate is lower than or equal to the APR on your current credit card. You might check with your current credit card supplier to see if he is able to lower your APR (if that works, it will make things really easy for you). Before you move on to consolidate credit card debt You should understand that consolidating credit card debt be beneficial only if you will pledge to adopt and follow disciplined approach to credit card usage i.e. controlled spending and regular/timely payment of credit card dues.