HomeAbout UsContact UsPrivacy PolicyBudgeting/SavingDebt HelpEnd Your Credit Nightmares Without Debt Consolidation LoansPosted  by gotogl on Jul 24, 2013 in Debt Help | 0 commentsIf you are making more than one credit account payment a month, you are not alone. Many people reached their credit limits on one credit card account only to begin using a second or even a third card in its place. They also reached the limit on these other accounts and are required to make the minimum payments every month. With a large amount of interest being added to the balances, it can be difficult to accomplish this goal. If you find this scenario to be familiar, you need debt relief.Making several payments that are too high for you causes stress every month. You worry about how you will pay these bills and buy groceries and pay for your kids’ activities. This anxiety prevents you from sleeping at night and keeps you from enjoying your life. In this instance, the debt relief that you seek is called “debt consolidation.”Why Consolidate Your Debts?If you have your debts consolidated, you won’t have to pay each creditor individually. You will make one monthly payment to your debt consolidator, and the debt consolidator will pay each of your creditors. The amount that you pay your debt consolidator will be lower than the total amount you are paying right now, so re-paying your debts will be much more affordable for you.How Debt Consolidators Make Re-Payment EasierDebt consolidators decrease the amount of money you pay each month by asking your creditors to lower your interest rates. If the interest rates are lower, less interest will be added to your monthly balances, so your monthly payments can be lower than they are right now.Debt consolidators also ask your creditors to waive the late fees and penalties that were added to your balances when you found it to be impossible to pay the bills on time. This will reduce your balances and, therefore, will reduce the amount of interest that you are charged.The Benefits of Debt ConsolidatorsOnce you obtain debt relief through debt consolidation from CreditGuard of America, which doesn’t use debt consolidation loans, you can breathe easier, but your credit score will also improve. If you have used 100 percent of your credit, your credit score is suffering because this means that you are carrying too much debt. To have the highest possible credit score, consumers should only have about 10 percent of their available credit in use at a time.When you begin to repay your creditors through debt consolidation, your balances will be eliminated in a shorter period of time and will eventually go down to zero. At this point, you will want to make sure that you never fall into the same situation again, and your debt consolidator can help you in this area as well.You can receive counseling in credit management along with debt relief when you begin working with a debt consolidator. With credit management, you will learn how your credit