June 16, 2006, Newsletter Issue #20: Using a Bank for Credit Card Debt Relief

Tip of the Week

If you are facing a bunch of credit card debt and want out, the answer may be just around the corner… literally. Many banks will be happy to loan out money for the purpose of credit card debt relief, you just need to ask. Beyond regular banks, there are new credit unions starting each day that are great for these types of loans. Start by going to your regular bank, where you keep any accounts, and ask them about their personal loans. If they offer personal loans, let them know that your purpose is for credit card debt relief and if they can help. If they are able, they will provide you with several options, rates, and terms for a credit card debt relief loan. If your local banks cannot accommodate you, there are more. Check with the Internet for online banking institutions that can also provide loans for credit card debt relief. The rates offered by these online lenders are often even lower than your local bank.

Wherever you find it, a bank loan for credit card debt relief is something you should look for if you are paying too much each month in credit card payments.

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