Tips for Getting Credit Card Consolidation Loans Through Banks

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When an individual has various credit cards with amounts due and payable, it can be helpful for them to consolidate their loans into one payment. Prepare an appropriate financial planning statement when consolidating credit cards with help from a registered financial consultant in this free video on money management and financial advice.

Part of the Video Series: Money Management
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Video Transcript

This is financial adviser, Patrick Munro, talking about tips to get credit card consolidation loans through banks. When an individual has various credit cards with various amounts due and payable, it may be helpful for you to consolidate those into a one type payment loan. This is always useful, and in order for banks to take you on, you must have an appropriate financial planning statement that tells the bank where you stand and also tells you the assets that you do have. Also if you can report to the bank with a copy of your credit bureau, that's recent, that saves them having to check that out as well. Basically, if all your paperwork is in order and you have the ability to pay, meaning your job is of good standing and you've been on the job for some period of time, you have some savings in place, and your credit has been kept up to date, the bank, more often than not, will take you on as a client, but these tips that I've been telling you about are the best ways to present yourself to a bank so that you'll have a successful outcome. This is financial adviser, Patrick Munro, talking about tips on how to apply for a credit card consolidation at a bank.

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