What Is the Best Way to Consolidate Credit Card Loans?

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There is no best way to consolidate credit card loans, because this process accomplishes nothing more than placing a red flag on a credit score. Discover the best way to get out of debt with help from the owner of a debt negotiation company in this free video on debt and money management.

Part of the Video Series: Debt Consolidation & Management
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Video Transcript

My name is Peter Repak I'm the owner of Clear Financial LLC, which is a debt negotiation company. What is the best way to consolidate credit card loans? Well, you don't really want to do that because that's going to actually hurt your credit, unless your mother or your father, sister, brother, or any of your relatives will give you a loan. Why is that? Simple, if you go with a credit card consolidation company, it's automatically going to give you a red flag on your credit score, meaning you can't handle your finances. That will hinder your ability to purchase any product later on, because there is no lender who is going to give you money when you demonstrated that you are simply unable to manage your finances. So, its really not a good ideal to do that. What you really want to do is, you want to get out of debt. You can use the debt snowball method, please do the research on that one. What is that? or, you definitely give a call to us which is Clear Financial and that's pretty much what you have to know about consolidating your credit card debts. Thank you for watching, my name is Peter Repak, I'm the owner of Clear Financial LLC.

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