Eglobal provides simple, secure and proven debt consolidation  methods to reduce your high interest credit card payments. Consolidation also can Include gas cards, medical bills and unsecured personal loans as well. Our debt specialists have a pre-negotiated interest rate savings plan with over 400 financial institutions that can cut your interest rates to as low as 6%.  Consolidating your credit cards allows you to make one single low monthly payment. The time it takes to complete our debt consolidation program is usually 12-36 months.  Find Out More About Debt Consolidation Our free service has helped thousands save thousands.

• Credit Card Debt Consolidation Will

  • Slash your monthly payments. 
  • Reduce the interest rates on your current debts
  • Gives you one easy monthly payment you can handle
  • Drastically reduce debt and your payoff time saving you thousands
  • Debt Consolidation helps you obtain financial freedom!
  • Debt Consolidation questions?

  Some Actual Consumer Case Studies

  •  Case Study 1. 
  • $4791.08 In  Debt
  • Minimum Monthly Debt Payment $131.00
  • Average APR 21.907%
  •  24.92 years to pay off debt
  • Consolidated Case Study 1
  • $4791.08 In Debt
  • New Minimum Monthly Payment $156.00
  • Adjusted APR 8.25%
  • Years To Pay Off Debt In Our Program 3.0
  • Consumer Debt Savings $8082.61
  • Debt Consolidation questions?

  Consumer Credit Case Study 2

  • Consumer Case Study 2
  • $12,764.74 In Debt
  • Minimum Monthly Debt Payment $498.00
  • Average APR 27.415%
  • 21.71 years to pay off debt
  • Consolidated Consumer Case Study 2
  • $12,764.74 In Credit Card Debt
  • New Minimum Monthly Debt  Payment $328.00
  • Adjusted Credit Card APR 5.33%
  • Years To Pay Off  In Program 3.92
  • Consumer Interest Payment Savings $15,979.68
  • Debt Consolidation Questions? Find Them Here!

Bad news: Companies are doubling their minimum payments.

So far, MBNA, Citibank and Bank of America have announced they are doubling minimum monthly payments on credit card balances from 2% to 4%. Others are expected to follow suit quickly. To some cardholders, that could be seen as a good thing. To others it could be devastating.

If you can handle the increased payment it's good. Let's face it, if you pay only a 2% minimum each month, your debt would probably last longer than most marriages. Doubling your minimum might put you back on the financial straight and narrow.

"If you're living paycheck to paycheck and your minimum payment goes from $200 to $275, spread over five cards, that's an extra $375 a month,"  The banks already know that and are planning for it. Bank of America, one of the first to raise minimum payment requirements, worked an extra $130 million into its 2009 budget to cover projected losses from defaulting cardholders.

Understanding how credit works is about to become even more important.

Not only has the sub prime meltdown made almost all credit harder to come by, but Fair Isaac, the company that created the leading FICO score, has announced changes to its formula.

As a result, some behaviors that may not have hurt your score much in the past could cause your numbers to plunge, while other actions could help you boost your score more than in the past.

For example:

• Applying for new credit accounts may hurt less.

• Having high balances could hurt more.

• Actively using the accounts you have may be more important.

• Having both revolving and installment accounts on your report could help you more, as the new formula is more sensitive to your ability to handle different types of credit.
• Will Debt Consolidation Hurt My Credit Score? Learn More

For a Free no obligation analysis of your debt contact  us today. 

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