Credit card consolidating

The more money you are able to put toward the principal, the faster you'll pay off your loan - and the less you will pay in interest.

If you are drowning in credit card debt, you may be able to save money and pay your debt off more quickly if you choose to consolidate credit cards.

It’s important to note, however, that a DSP will have a negative impact on your credit.

As with any financial goal, whether you choose a credit card consolidation loan or other payoff method depends largely on your current financial situation, including your existing debts, whether you can afford your current monthly payments, the interest rates you’re now paying to your creditors, and how quickly you’d like to pay off your bills., Care One will negotiate with your creditors to pay back a portion of your existing debt.This is a good option if you have more debt than you can pay down.Both put the control in your hands, which can be good or bad, depending on how disciplined you are.Remember, you’ll need to not only put together a budget, but stick to it as well.