NOTICE: We closed down Spin Distribute on December 31st, 2022. ❗
Spin Distribute has been a wonderful SEO service since early 2009. Unfortunately, after almost 14 years, it no longer meets the very strict quality criteria of our company.
We pride ourselves on only providing SEO services that are best-in-class. Unfortunately Spin Distribute no longer qualifies.
For this reason we closed down new sign-ups and new orders on Spin Distribute on December 31st, 2022.
Of course all your existing orders will be delivered in full. Thank you!

- Aaron Sustar, CEO, INFINET LLC
SmileyTech Solutions - Smile about your Online Business!

Take your IM business and SEO efforts to the next level!

Log In

Once you are logged in, you are able
to use all of our services.
Your Email Address:
Your Password:
 
What can I do when logged in?
Once you are logged in, you are able to use all of our services. This includes:

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

« Back to articles from category "Finances"

The following article was published in our article directory on September 15, 2017.
Learn more about SpinDistribute Article Distribution System.

Credit Consolidation as the Solution to Credit Problems

Article Category: Finances

Author Name: Van Vaughn

Overwhelmed by multiple loan payments you receive each month? Getting stressed on thinking of ways to get out of the debt trap? Caught in this situation, you might think of consolidating your credit accounts into one payment plan.

Consolidating multiple accounts is tempting to turn from multiple payments to one payment plan. But, before you jump to credit consolidation as a solution, ask yourself if this solution is the best option for you. Analyze the pros and cons of consolidating your credit accounts to determine its applicability to your situation.

A brief description of credit consolidation

Consolidation of multiple credit accounts is one method of debt relief where you combine your unsecured debts into one single payment. You can do this method through a debt consolidation loan.

Remember, though, that this method of debt relief is a financial product which lenders offer for a fee.

Consolidation of credit accounts is a loan you use to pay off your debts. This single monthly payment is a lure as it removes other debt claimants. However, a switch to this payment method does not mean that you succeeded in reducing your multiple loans. With this new loan, you still have the same amount of debt plus the fees and other charges.

You may have reduced the anxiety, but it pays to look into the pros and cons of consolidation before you decide on a method.

The Pros of Consolidating Credit Accounts

A single monthly payment in lieu of multiple credit card payments. Having a single monthly payment makes it easier for you to budget and manage your credit card payment.

Interest rate is lower. Credit cards tend to charge high interest rate to as much as 20%. With credit consolidation, the interest rate reduces to approximately 10% or below.

Faster debt liquidation. Because of the low interest rate, you can use the amount saved from reduced interest rate to pay off the debt consolidation loan. As a result of this process, you liquidate your loan sooner.

Avoid damage to credit score. By consolidating your multiple credit accounts, you avoid late or missed payments that impact your credit score.

The Cons of Consolidating your Credit Accounts

Using credit before liquidating consolidated loan. Once your credit accounts get consolidated, you again have access to your credit cards. However, to use credit before fully paying up the consolidated loan will get you deeper into a trap.

The difficulty of sticking to the payment plan. The future is uncertain and there could be factors that make you miss a payment. Missing a payment can have dire consequences and you find yourself back to your credit problem.

Behavior issue. You need a strong self-discipline to stick to the payment plan. If your determination is weak, the tendency is to go back to using the credit cards for any purchases.

There are instances where credit consolidation makes sense. An instance where consolidating credit accounts make sense is paying off the high interest rates charged by financial institutions. With several credit accounts charging exorbitant interest rates, it makes sense to consolidate multiple accounts.
If you decide on consolidating your multiple accounts, develop the attitude and commitment to stick to payment plans. Behavior and with credit counseling, your payment plan has higher chances of success.

About the Author:

Van Vaughn is an advocate for services that provide accurate and helpful information to those in need of credit repair, credit reporting and credit counseling services.  For more information and a free gift visit the website at http://Http://ImproveCredit.org


 

Keywords: credit card debt relief, credit counseling services, credit repair services, how to rebuild credit, credit counseling, consumer credit counseling, credit repair companies, credit consolidation, repair credit, credit help, credit reports, credit reporting agencies, get credit report, credit report, check credit report, credit score, annual credit report, my credit report, credit report score

Learn more about SpinDistribute Article Distribution System. We also offer a Pro Article Writing Service to everyone who needs premium quality well-researched articles.

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.

1 article = 800+ backlinks

ARTICLE DISTRIBUTION

Publish 800+ unique versions of
your article on 800+ websites!
Let us do all the

ARTICLE WRITING

Need lots of keyword optimized
quality articles? Search no more.
We recommend our

COMPLETE SERVICE

We write articles. We distribute
them. You get all the gains!
Have any questions?
Feel free to check out the "Frequently Asked Questions" section, or use the email address below to contact our team. You can also register for free and contact our Support Department. Read more
Why choose
Spin Distribute?
boost your traffic and online income and crush your competitors with our great article distribution system
get more than 800 highly relevant backlinks with each article distribution (from $1.60 per distribution)
try out our "Complete Service" that puts everything on auto-pilot (we write & distribute articles for you)
have us write all the articles for you, so you can focus on your business
get detailed HTML and PDF reports for every article distribution
contact our Support Department and Live Support to get answers
get FREE access to our SEO Tips & Tricks Guide (worth $27 alone!)
join our Affiliate Program and make money with our services
 
E-mail: info
   
spindistribute.com
Smile about your Online Business!

> Frequently Asked Questions
> Terms of Use & Privacy Policy
> Affiliate Program
 
I got in online biz more than 2 years ago but I got nowhere - until I found your service a couple of months ago, that is. Now I am getting really strong in the lose-weight niche and I can't wait to see where this online business takes me. Tnx so much!!
Harold Brown