Consilidating credit card debt

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But, before applying, be sure to ask about the lender’s credit requirements.

So make sure you are ready to live credit card free for a while.And you can verify if a lender is registered to do business in your state by contacting your state Attorney General’s office or your state’s Department of Banking or Financial Regulation.Beware of any lender that promises to offer you a loan regardless of your credit.Here’s how credit card consolidation works: You first decide if you want to take out a new loan, open a new credit card or enroll in a debt management plan (more on that later).Whichever option you choose, you will use it to pay off your multiple balances.