Credit Card Debt Consolidation - Part 1
Are your credit card accounts in a financial tangle? Perhaps you want to consolidate all these debts, but are finding it difficult? Perhaps you have so much debt on so many cards that you can’t find a means of consolidating them at a reasonable cost?
2 Stage Plan of action
Follow this 2 stage plan of action to consolidate your credit card debts and reduce your monthly payments.
Stage 1: Take out a 6 month loan from a pawnbroker (yes! – from a pawnbroker – more of this creative idea later) and use this pawn loan to pay off all your credit card debts.
Stage 2: With your improved credit rating (no more debt – it’s all paid off), use the 6 month period of the pawn loan to shop around for the best new credit card deal you can find, and then pay off the pawn loan with your new, low-cost credit card.
You now only have one, single, low-cost monthly credit card bill to pay out.
Why use a pawnbroker loan to consolidate your credit card debt?
You may be surprised at how quick, easy, flexible, discreet and relatively low-cost a pawn loan can be.
Credit card debt consolidation may not be the most obvious reason for taking out a pawn loan. But if you analyse the way pawn loans work, the business benefits are very clear - provided you have personal assets like jewellery, watches, art, antiques or other personal valuables which you can use to secure your credit card debt consolidation loan.
Pawnbroker loans are fast, easy and discreet
Because you are pledging personal assets as security for the loan, there are no bureaucratic delays with a pawnbroker.
Getting a loan from a bank or building society always involves lengthy credit checking procedures. Asking them for a loan in order to consolidate your credit card debt will probably not elicit a very positive response, and your credit card debts will also be weighed against you. In contrast, a pawnbroker is never judgemental when considering a loan application, whether it’s for a credit card debt consolidation loan – or any other type of loan – provided you have appropriate collateral in the form of personal assets to pledge as security for the pawn loan.
If your pledge is appropriate, some online pawnbrokers will take as little as 48 hours to advance you between £100 to £100,000 for periods between 1 and 6 months. No credit checking is involved in getting a credit card consolidation loan from a pawnbroker, and even if you have a bad credit rating, your application for a credit card consolidation loan will be considered on an equal basis by the pawnbroker. Applying online also has the advantages of ease, convenience and confidentiality, as you can manage the whole process of arranging a credit card debt consolidation loan via your pc in the comfort and privacy of your home.
