A mortgage debt consolidation loan can help you swap high interest debts with low interest debts. In fact, they are ideal in case of credit card debt because the credit card debts are typically at much higher interest rates than all other kinds of debts.
With a large number of people stuck in the debt trap, “Debt Relief” is the new buzzword. And credit cards being the main source for debts, you can find many companies specializing in consumer credit card debt relief. Two popular programs available in the market, for personal credit card debt relief, are credit card debt consolidation and credit card debt negotiation.
The credit card debt statute of limitations simply states the time period after which a creditor is not allowed to sue the debtor in a court of law. This doesn’t mean that the creditor cannot collect the debt but only means that court’s help can’t be sought to do so.
A bad credit card debt is the money you owe the credit card company when you fail to make the due payments on your account. Credit card balances that are past their due date and continue to remain unpaid fall in line to be acclaimed bad credit card debt.