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Featured Debt Articles

Defeating Credit Card Debt With Self Control
Credit card debt is a major social problem in some Western countries. To rid yourself of credit card debt, it is best to recognize the problem as both a social and individual problem.If you are overburdened with credit card debt, or are in danger of ...

Eliminate Your Credit Card Debt, But How?
Can a debt consolidation loan eliminate your credit card debt? A consolidation loan might (or might not) be the key. There are several things you must consider when making the choice to consolidate debt using a debt consolidation loan. First, is a debt ...

Online Debt Consolidation
Many people face financial constraints in their lives and are often burdened with loans. Many people face financial constraints in their lives and are often burdened with loans. They may seek a way out of their debt to ease their problems. ...





Consolidating Your Debt With Credit Cards
 
One technique for debt consolidation is to submit an application for a credit card that don't charge annual fees and only charges low interest rates. Once you fill out and submit the application for your credit card, the credit card company will check your credit, which gives you the advantage of getting all three of your credit reports free.

There are several kinds of cards available online; some of these cards are secured while others are "unsecured." There are cards for high-risk borrowers and low risk borrowers alike. These cards can help you consolidate your debts if you use the card only to pay the debts owed. If you pay the debts owed, of course the debt will remain on your credit card with interest, but for the most part, you are out of debt with one source, and in debt with another; the difference is that you now have one month to repay the debt. This will give you time, and hopefully during this time, you will find resources you need to pay your debt.

And even if you cannot pay them off, you can resort to paying the minimum amount owed each month, provided that the interest rate is low and that you have no other options.

Be advised that few people apply and receive a credit card, use it working toward debt relief, and then will apply and receive another card with lower interest rates and no annual fees to payoff the first card. This is not effective for debt consolidation; however, it can help you when there is no other way out. You may want to go online and review some of the details outlined in debt consolidation, debt settlement, and debt negotiation to compare the methods used to relieve debt.

Credit cards can work for minimal debt consolidation, but if you do not manage them properly and do not make your payments fastidiously, they will simply enable poor financial habits, increasing your debt in the long run.




Debt News



CNBC.com

As Europe's Debt Crisis Grows, 'The Street Has Taken Control'
CNBC.com
Coined during the Latin American debt crisis of the 1980s, it refers to the idea that policy makers are losing control and that the people—the so-called “street”— are now in charge. It happens in three ways: the ballot box, social unrest and the ...
Greek's debt woes put Europe on financial knife edgemsnbc.com
Hollande Challenges Germany's Handling of Debt CrisisBusinessWeek
Germany's Merkel: EU Treaties Forbid Joint Debt LiabilitiesWall Street Journal
Philadelphia Inquirer -Los Angeles Times -UPI.com
all 4,364 news articles »

Globe and Mail

David Callahan: Bad Debts, Big Profits: How Private Equity Firms Turn Red Ink ...
Huffington Post
One big question at the center of the private equity debate is whether firms like Bain Capital intentionally set out to burden the companies they take over with debt -- or whether things just sometimes go sour amid failed turnaround efforts.
Florida ad wars: Romney attacked on Bain, Obama slammed for debtPalm Beach Post

all 3,274 news articles »

Bloomberg

Japan debt rating under pressure even if tax hiked - Fitch
Reuters
| TOKYO May 23 (Reuters) - Prime Minister Yoshihiko Noda's plan to double Japan's sales tax rate would not be enough to stabilise the country's public finance and its credit rating will remain under pressure even if he can pass the tax hike through the ...
Fitch Rates Suffolk County, NY's GOs 'A+'; Outlook NegativeMarketWatch (press release)
Japan Rating Cut by Fitch on 'Leisurely' Efforts to Tame DebtBloomberg
Japan's debt rating downgraded by Fitchmsnbc.com
Washington Post
all 345 news articles »

USA TODAY

Put a lid on debt ceiling debate
Los Angeles Times
The House GOP should pass bills rewriting the entitlement programs rather than threaten not to raise the debt limit. House Speaker John A. Boehner (R-Ohio), answers questions about his pledge to not back a debt ceiling increase without corresponding ...
Debt ceiling in play againCNN
Debt: A crisis or an opportunity?WND.com
Get Ready, America: The Debt Ceiling Debate Is BackDailyFinance
TPM -USA TODAY
all 113 news articles »

CANADA FX DEBT-C$ skids to 4-month low on Europe fears
Reuters
9, following the broader market trend that saw investors shun riskier assets on doubts that any new measures to tackle the euro zone debt crisis would emerge from a European leaders summit later on Wednesday. "There's concerns generally about the ...

and more »