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Can you use other credit cards when are in a proccess of Debt Consolidation?
It is not recommended to apply for new credit cards or use the ones that you told the debt consolidation company that you can't afford the minimum payment. What is the point of using credit cards when you are trying to get out of debt? If you use any of the cards that are in the process of debt consolidation, the company can end your contract and what are you going to do to get rid of your debt?
What are the benefits of consolidation credit cards?
The answer to the question about the credit cards is that this information is obtained from the concerned department of the company. Moreover such information can be useful in day-to-day lives.
Do you have to include all credit cards in a debt consolidation?
No matter what company that you decide to go into, they will put up your credit report to see if you are eligible for debt consolidation. However, not all of them approve debt consolidation plans from credit counseling especially bank credit cards. First it will be a 3 month wait to see if they actually approve the credit counseling plan. After that, you will see payments begin posting. I will not agree to anything about no debt consolidation unless it is in writing and I can fax over my credit statements.
Where can you apply for a consolidating credit card?
There is no consolidating credit card, but if it's consolidation for credit cards then there are various means to achieve that. Through banks and other financial support groups you can apply for a credit card consolidation to simplify and even perhaps reduce repayment costs.
Are there any debt consolidation loans for people with bad credit?
Yes, there are plenty of debt consolidation loans for people with bad credit. These are especially designed to get all your loans and cards into one easy monthly payment.
