Putting All Your Debts in One Basket - Clearing Those Credit Cards in One Easy Step
Much of modern-day consumerism is based around the notion of being able to buy everything in the one place.
From the large supermarkets that sell everything from traditional groceries to plasma televisions and clothes, to the online price comparison websites that will find the best deal on anything from holidays to cars and loans.
Of course, this one-stop-shop principal is a sound one.
From the retailer's point of view, they get a bigger share of the market, and the customer has the convenience of doing their entire shop under one roof.
Everyone's a winner.
But in contrast to this, many consumers choose to use several credit cards to carry out their transactions.
Obviously, this allows a higher total credit limit, but it also means it's easier to get carried away with spending; as one card gets maxed out it's all too easy to move on to the next one without a second's thought.
And this is partly why the average British household is in debt to the tune of £8793 (excluding mortgages); the buy-now-pay-later culture has led many people to the brink of bankruptcy, but if decisive action is taken swiftly, this needn't be the case.
With having different credit cards comes different terms and interest rates and it can become difficult to follow exactly how much is being repaid.
This is why more people are choosing to take out a debt consolidation loan [http://www.
blackandwhite.
co.
uk] to cover all existing debt.
Not only is it neater and easier to manage, if proper care is taken to seek out the right loan, it can substantially reduce the monthly repayments.
Taking out a debt consolidation loan also frees up the maxed-out credit cards though, so it's important not to fall into the same trap again.
So cut up any spare credit cards to ensure any mistakes aren't repeated, as many people manage to get into a vicious cycle.
For convenience, countless consumers choose to do their entire shopping in the one place; and for the same reason, many people are choosing to consolidate all their debt in the one place also.
Not only is it far easier to monitor, it can often mean greatly reduced monthly repayments too, freeing up extra cash to be used on anything at all.
So lose those extra cards, one is more than enough!
From the large supermarkets that sell everything from traditional groceries to plasma televisions and clothes, to the online price comparison websites that will find the best deal on anything from holidays to cars and loans.
Of course, this one-stop-shop principal is a sound one.
From the retailer's point of view, they get a bigger share of the market, and the customer has the convenience of doing their entire shop under one roof.
Everyone's a winner.
But in contrast to this, many consumers choose to use several credit cards to carry out their transactions.
Obviously, this allows a higher total credit limit, but it also means it's easier to get carried away with spending; as one card gets maxed out it's all too easy to move on to the next one without a second's thought.
And this is partly why the average British household is in debt to the tune of £8793 (excluding mortgages); the buy-now-pay-later culture has led many people to the brink of bankruptcy, but if decisive action is taken swiftly, this needn't be the case.
With having different credit cards comes different terms and interest rates and it can become difficult to follow exactly how much is being repaid.
This is why more people are choosing to take out a debt consolidation loan [http://www.
blackandwhite.
co.
uk] to cover all existing debt.
Not only is it neater and easier to manage, if proper care is taken to seek out the right loan, it can substantially reduce the monthly repayments.
Taking out a debt consolidation loan also frees up the maxed-out credit cards though, so it's important not to fall into the same trap again.
So cut up any spare credit cards to ensure any mistakes aren't repeated, as many people manage to get into a vicious cycle.
For convenience, countless consumers choose to do their entire shopping in the one place; and for the same reason, many people are choosing to consolidate all their debt in the one place also.
Not only is it far easier to monitor, it can often mean greatly reduced monthly repayments too, freeing up extra cash to be used on anything at all.
So lose those extra cards, one is more than enough!