Free Articles, Free Web Content, Reprint Articles
Tuesday, June 25, 2019
 
Free Articles, Free Web Content, Reprint ArticlesRegisterAll CategoriesTop AuthorsSubmit Article (Article Submission)ContactSubscribe Free Articles, Free Web Content, Reprint Articles
 

Card Debt Options - Will Switching to a Fixed Rate Credit Card Help?

Let us get one thing straight- A fixed rate credit card does not mean that interest rates charged on the card will remain fixed forever. Rather, the rate is fixed to an index. Once the index changes, the rate will also change. The duration and pattern of change varies as compared to variable interest rate cards. If you are planning to switch to a fixed rate credit card to ensure your interest payments remains stable, chances are high that you will still not succeed.

Let us get one thing straight- A fixed rate credit card does not mean that interest rates charged on the card will remain fixed forever. Rather, the rate is fixed to an index. Once the index changes, the rate will also change. The duration and pattern of change varies as compared to variable interest rate cards. If you are planning to switch to a fixed rate credit card to ensure your interest payments remains stable, chances are high that you will still not succeed.

Whether you should switch to such a card or not depends on the seriousness of the problem. If interest payments are beginning to pinch but you feel that you can manage things better if the interest rate fixed, then you should think of a switch. On the other hand, if you're finding it difficult to repay your debts on time or if you're finding it difficult to make ends meet, then a fixed rate will not make any difference. You will continue to face problems irrespective of whether the interest rate is fixed or variable.

If you're facing serious financial problems, then you should opt for better and more useful remedies. The best option available today is debt settlement. This will result in an immediate reduction of your debt by more than fifty percent. If you have approached your credit card issuer for changing the rate from a variable to a fixed rate, chances are high that your may be offered alternative solutions. This is because credit card issuers are keen to getting rid of problematic borrowers. They have suffered numerous instances of borrowers declaring bankruptcy. They are no longer interested in the uncertainty that results from such dealings.

Unless you are just beginning to face problems on you credit card debt, there's very little to be gained by switching to a fixed rate cut. If you want a long term solution, you will have to look at other alternatives. You can make use of the World Wide Web to check out details of various options and alternatives. The best thing about using the web is that most resources are available for free.

If you are over $10Feature Articles,000 in unsecured debt it would be wise to utilize a debt relief network instead of going directly to a debt settlement company. Using a debt relief network guarantees that the debt settlement company you choose has been certified and has established success in negotiating settlements. They are free to use and a good starting point to begin your debt relief process.

Debt Relief Network.

Article Tags: Fixed Rate Credit, Rate Credit Card, Card Debt, Fixed Rate, Rate Credit, Credit Card, Interest Rate, Debt Settlement, Debt Relief, Relief Network

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


FreeDebtSettlementSolutions is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt settlement companies who are most likely to get consumers the best deal.

http://freedebtsettlementsolutions.com



Health
Business
Finance
Travel
Technology
Home Repair
Computers
Marketing
Autos
Family
Entertainment
Law
Education
Communication
Other
Sports
ECommerce
Home Business
Self Help
Internet
Partners


Page loaded in 0.101 seconds