Consolidate credit card anyone knows bout this?
By meeksilent
@meeksilent (514)
Philippines
July 16, 2010 10:31pm CST
I have recently acquired a credit card and checked some of its details. I have a difficulty on understanding about consolidate credit card debt, has anyone have the idea about it.?I 'm not familiar with credit cards, I ask for advices...
2 responses
@CrimsonRain (336)
• United States
17 Jul 10
It means that all your credit card debts will be consolidated or joined together into one payment so that if you have several credit cards from different banks, you will not anymore need to go to each separate bank. You will only need to go to one bank to pay your debts.
@meeksilent (514)
• Philippines
17 Jul 10
Is that really possible? oh.. that's great but maybe there's more charges I guess..
@denise36 (128)
• United States
17 Jul 10
If this is the first credit card you have, the term "consolidation" does not make any sense. Consolidating debt means rolling all or part of your debt into one payment. There are services that will do this for you without a fee if you need it. Check local listings for consumer debt consolidation. Don't pay for this service, any legitmate place will not charge for it.
@meeksilent (514)
• Philippines
17 Jul 10
thanks for the info! I just wanted to know what are these stuffs that was written on guidelines.
