You Should Know When It’s Time for Credit Consolidation

 There is this person I know who definitely needs credit consolidation. She says it all started with this urge to collect those little plastic credit cards. Unfortunately, when she’s inside malls or department stores, she can’t seem to stop herself from over-spending; and over-spending she did that her debts became too huge for her to pay.

She tells of getting scared when creditors phone her home or mail her with the bills. She knows she’s in big trouble but she doesn’t do anything about it. She can’t pay for all of it, she says. The debt became too huge, and it’s hard for her to prioritize which credit company to pay first.  Not only that, she now has this bad record, making it almost impossible to make new credit card accounts in the future.

I hope she gets the idea of having her debts analyzed and probably consolidated. I’ve seen online credit consolidation services that could actually help her. Since a credit consolidation service can combine her debts, she can now pay in one single payment.

Other than the consolidation of debt, she also probably needs credit counseling services since she seems to have a problem with handling her credit accounts. I do hope she gets professional help on this and try to be sensible with her finances the next time around.