The Forms of Debt

When you can't pay the total of your bills every month or when you miss a payment, then you have officially joined the ranks of almost half of Americans who are in debt. Do you get letters requesting payment for services or products you have received? Is the phone ringing early in the morning and late in the evening with creditors and debt collectors wanting to know when exactly you intend to pay? Have your utilities been shut off due to lack of payment? Credit cards cancelled because you are over the limit and can't afford the minimum monthly payments? Then, yes, you too are in debt, and the best way to get out of it fast is credit card debt consolidation.

Credit Card Debt

Credit card debt in particular is one of the most difficult types of debt to shake. These require minimum payments made by a certain date each month and should you be unable to make the minimum payment or if your check arrives late, you get smacked with a hefty fee