{"id":3465,"date":"2008-08-22T03:22:06","date_gmt":"2008-08-22T08:22:06","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/08\/22\/why-you-should-avoid-credit-card-debt-management-services\/"},"modified":"2008-08-22T03:22:06","modified_gmt":"2008-08-22T08:22:06","slug":"why-you-should-avoid-credit-card-debt-management-services","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=3465","title":{"rendered":"Why You Should Avoid Credit Card Debt Management Services"},"content":{"rendered":"
by William Blake<\/div>\n

Many people get themselves so deep into credit<\/a> card debt that they find it necessary to use credit card debt management services. For many people this feels like their last chance at getting their credit card debt under control but if you are unable to stop yourself from piling up credit card debt then what are credit card debt management services going to be able to do for you?<\/p>\n

Credit card debt is a snowball effect where you get more credit and you use it but then you are racking up huge minimum payments and huge balances owed and because you can’t afford to pay your bills you keep taking on more credit. At some point you are going to have to stop yourself and dedicate a large chunk of time to getting your act together and credit card debt management services are not the thing you need to do it.<\/p>\n

The reason you want to avoid credit card debt management services is because they will negotiate with your credit card company and get the fastest deal they can that gets you the lowest payment. The problem with that is that the credit card debt management services will then charge you a fee for this which will take up a chunk of what they just saved you.<\/p>\n

Don’t assume that credit card companies will always refuse to work directly with you. If you choose to use a credit card debt management service, you will destroy any relationship<\/a> you once had with credit card companies and ruin your credit score too. If you had at least tried to negotiate with credit card companies on your own, you might have been able to eliminate your debt just as easily without the negative effects.<\/p>\n

When you are stuck in debt, your main concern is rarely your credit rating. However, ignoring this important factor could cause you regret after the whole process is over and you are left with a financial situation that could have been much better.<\/p>\n

What Should I Do?<\/p>\n

Begin healing your credit by stopping the use of all credit cards. You can make this definite by calling credit card companies to freeze your account and cutting up the cards themselves. If you need to, get a second job to make up for the lack of credit you will have. These are the exact same things that credit card debt management services would be doing for you, but you can do it by yourself on your own terms.<\/p>\n

The next thing you need to do is negotiate with your credit card companies yourself. A credit card debt management service will do the same thing but with their best interest in mind. If you negotiate for yourself with your best interest in mind then you will come out better off.<\/p>\n

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About the Author:<\/div>\n
Is your debt stressing you out? Do you have a list of things you’d like to do if you weren’t putting all your money towards your debt? Learn how to legally eliminate debt<\/a> on the Debt Smackdown website. Visit http:\/\/www.debtsmackdown.com for more tips & advice.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Many people get themselves so deep into credit card debt that they find it necessary to use credit card debt management services. For many people this feels like their last chance at getting their credit card debt under control but if you are unable to stop yourself from piling up credit card debt then what are credit card debt management services going to be able to do for you?<\/p>\n","protected":false},"author":540,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[86],"class_list":["post-3465","post","type-post","status-publish","format-standard","hentry","category-management","tag-management"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/3465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/540"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3465"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/3465\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}