(PM) United State, 05.03.2010 - Credit consolidation is one of the most effective ways to get rid of the debt. credit card debt consolidation means substituting multiple credit card debts with a single credit card debt. There are several ways in which the credit card debt consolidation can be worked out. "

For most of the debtors, credit card debt is the single major cause of debt. Credit card debt is the effect of the misused of the credit card. This is not intentional but happens due to ignorance. When the credit card company sends the letter of increasing the limit of purchase most of the credit card holders are not aware of the functioning of the credit card company and make unnecessary purchases, ending up in a credit card debt. Most of the credit card holders do not know that nearly 80% of whatever the debtor pays goes for servicing the interest and hardly 20% of the amount goes for the servicing principal amount.

The simplest form of debt consolidation is summing up the multiple credit card debts. This can be done by anyone. This does not need any help of a professional credit card consolidation company. If the multiple credit card debts amount to large sum and you seek debt reduction too then it is better to avail the services of a professional and reliable debt consolidation company like www.creditcard2.com.
 
When you avail the credit card debt consolidation program, the representatives of the debt consolidation company approach your lender or creditors and negotiate with them for debt reduction in the total. If possible, the reduction and nullification of the penalties is also tried.

Credit card debt consolidation loan is the loan availed to discharge the multiple credit card debt and have a single debt to be discharged. This loan is of two kinds, one is the secured loan and the other is the unsecured loan. When the loan is availed by pawning the home equity as collateral the loan is secured loan. The secured loan features low rate of interest and longer duration for repayment of the loan. When the loan is unsecured, the rate of interest is higher and the duration of the repayment is comparatively less.

At www.creditcard2.com customer satisfaction is the prime concern. Most of the credit card debt consolidation applicants are already tagged as bad credit applicants and this segment forms a major part of the market. Taking this into consideration www.creditcard2.com has now started offering bad credit debt consolidation services and Government Debt Consolidation Loan programs too.

For Debt Consolidation Loans, APPLY NOW! - Http://www.creditcard2.com/apply-now.php