Credit Card Consolidation in California; is, as with many
other states, a popular method of gaining control of runaway credit card debt.
There are many non-profit, banking, consultancy and government services available
in California that help with providing consolidation, most of which provide an
excellent service for reducing debt and resolving debt issues relating to
All these financial
services basically operate in the same way, and operate as middle men between
the credit card companies and the client. They will assess your situation with
regards to what you can comfortably afford to repay, comparing each pay back
date, fees, APR and monthly repayments for each creditor.
information and the processes concerned are pretty much standard across the
industry; a debt counselor will gather all your information as previously
mentioned and contact all your creditors advising them that they will be acting
on your behalf. They will then gather all relevant information regarding
surplus charges (late payment fees, taxes etc) and will then prepare a payment
Before any debt
restructuring proposals are made to the creditors the counselor will go over
the plan with you ensuring once again that any proposed payments are
Most creditors will accept
revised repayment schedules as they see this method of debt arbitration as a
positive method of ensuring they receive most if not all monies owed,
occasionally though you will get the odd one that will be stubborn.
Credit card consolidation
in California is no different to many other states in that the person or
parties seeking consolidation is not permitted to apply for any additional
credit during the process of debt consolidation.
Some of these service
providers do require a fee for their services and their assistance in the
management of your debt but when seeking credit card consolidation in California this fee will never exceed $20 a
month by law, although, as already mentioned, there are services that are free
to use. However, there is always the option to make these arrangements
yourself: It is possible, and not as difficult as it is often made out to be
but it can be stressful and it can take quite a bit of time.
It is always worthwhile
checking out as many consolidation services as you feel is necessary in order
to get the best deal and also to check out whether the service provider you are
considering using is reputable or not. Unfortunately, there are quite a few
service providers that are only interested in making money for themselves and
you and your situation will not be as high as it should be in their order of
So, in conclusion, for
credit card consolidation in California always ensure you deal with a reputable
company that provides you with a method of repaying your debt comfortably and
at a lower interest rate.
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