Saturday, July 11, 2009

I have credit cards debt amounting to RM28,000 - 4 cards. Can banks force me into bankruptcy?

Consolidation is the best solution available to the credit cardholders to improve their future credit. People go for debt consolidation for many reasons: prolonging the loan period from 5 - 15 years and reducing the interest rate. Consolidation allows you to go for a loan with lower interest rate than the one you are currently paying. Besides it simplifies the loan repayment as you are paying only one lender in place of various payments to different lenders.



http://debt-trap.com/category/Credit-Car...

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