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New Credit Card – While the bank’s personal loan department may not want your business, their credit card department just might. Tighter bankruptcy laws and mergers and acquisitions in the credit card arena have intensified competition for new business. Truly, it is a buyer’s market for the smart thinking consumer and a “debt consolidation loan” in the form of a new credit card may be all that you need to obtain some relief. By selecting a card that charges no annual fee, offers a low introductory rate, and allows you to transfer balances from existing loans or cards to your new card, you can lower your monthly payment and reduce your overall debt burden. Shop around for the best deal and save.
Of course, if you select a new credit card make certain that you cancel your old credit cards to avoid the temptation of running up new balances. In addition, your credit score will improve once your old accounts have been closed and the credit reporting agencies have been notified.
A debt consolidation loan is not right for everyone, but it can offer relief for the burdened consumer, such as you.
Copyright 2006 -- Matthew Keegan is
The Article Writer
who writes on a variety of topics including: advocacy, automobiles, aviation,
business, Christian themes, family, news, product reviews, travel, writing, and
more. Please visit Matt's
blog for
absolutely stunning and humorous writings from the master himself!
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