It’s been long said, the average consumer needs a bailout. Blame it on the individual, blame it on history, blame it on the current matter. It doesn’t really matter who you blame, the fact is that it’s happening and it needs to be addressed. I’ve received dozens of emails about Obama bailing everybody out, no need for bankruptcy or anything else. After all, why shouldn’t the government bail out the average consumer, especially with a democrat in power? Why should they just protect the big companies. Obviously, the big companies are not following the guidelines previously set down as a condition of those bailouts. But unfortunately, it’s not true. With the exception of certain specific tax credits, there are no bailouts for the average consumer! If you buy a house, you can cover your down payment with a tax credit. If you buy a brand new natural gas car or convert your old car, you can get a tax credit, etc. But credit cards do not necessarily apply.

So what do you do? You could file for bankruptcy. That seems to be the age old solution to this kind of problem. But if you’ve ever done it before, you know that they keep you from doing it again for so many years, which is actually smart and necessary. But it also takes a huge toll on your credit just like a foreclosure. And of course, you have to pay hundreds of dollars to do it. The lowest estimate I’ve heard is $500. But there is another option, Credit Card Debt Consolidation. Credit card debt consolidation is sort of a middle ground, it’s like a short sale.

Yes, it still makes a hit on your credit, but not as large, and it’s easier to repair your credit over time. It’s like refinancing your home loan in some ways. If you use Credit Card Debt Consolidation, you compile all of your credit card debt into one. The credit card companies actually end up taking less than you owe at the current moment! You get your interest under control, and they give you a way to actually pay it off faster!

If you use credit card debt consolidation, you are doing yourself a favor. You are taking your fate into your own hands, not just letting the credit card companies control and take advantage of you. It has been downplayed by so many, because they don’t want you to know your own strength.