http://www.americandebtgirl.com/credit-card-debt-consolidation-loans.html Are credit card debt consolidation loans right for you? en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Considering credit card debt consolidation loans? Here's what you need to know. Requirements of a Credit Card Debt Consolidation Loan Being deep in credit card debt is a very helpless feeling. But you don't have to feel helpless anymore. Not when there are credit card debt consolidation loans to help you out. As long as you have sufficient collateral, you qualify for credit card debt consolidation loans. Now, some people think that getting credit card debt consolidation loans are just replacing one set of debts with another. That's true, but the interest rate on credit card debt consolidation loans is usually in the single digits. What are the interest rates on your credit cards? Admittedly, if your debt is mainly on your MasterCard or Visa, it might not be quite as high as it is if it's department store credit card debt, but we can pretty much guarantee that it's not in the single digits. Credit card debt consolidation loans in the single digits mean you will have that same amount of debt paid off in five years, not the 13 years or more (depending on how much you owe) it would take you if you just pay the required minimum each month. As you can see, debt consolidation loans not only get you out of debt faster, but they save consumers thousands of dollars in interest. Don't have collateral? Don't worry! You can still enroll in a debt consolidation program like credit card debt consolidation. Under this program, no loan is involved, so you don't need collateral, and you can still get out of debt in five years. So if you don't have collateral, check out credit card debt consolidation. Sat, 26 Jul 2008 15:00:00 EDT