There are any number of reasons why you might have to borrow money at any given time. Emergency events such as a hefty vet bill, a car break down or the need to replace a large kitchen appliance can take anyone by surprise, and the current cost of living situation makes it harder than ever to save enough to cope with emergencies. In many cases, this leads to people taking out multiple credit cards to cover different debts, and finding themselves with a complex calendar of different payment dates and amounts. Consolidating credit card debt with a CLEVR Money loan can makes life so much simpler.
Using a credit card to deal with a sudden expense is a solution many people opt for, and sometimes they’ll take out multiple cards. After all, cards often offer temporary low interest rates for new users, meaning that a new card is cheaper at face value than an existing card. This can soon result in a very complex situation, however, which is where consolidating credit card debt comes to the fore.
The more cards you use – each with a different payment date and a different amount each month – the more difficult it can be to keep track of everything and ensure you don’t miss any repayments. It’s all too easy to forget one or get the date wrong, which is where the problems really begin. A single missed payment almost certainly will result in a higher interest rate being applied and even penalty charges, and it will definitely impact badly on your credit rating. And let’s face it, the sheer effort involved in keeping track of multiple payments, knowing exactly when to transfer a balance from one card to another, can be highly stressful and time consuming. Consolidating credit card debt can solve all of these problems.
We’ve made consolidating credit card debt with a CLEVR Money loan as simple as possible. Once you’ve worked out how much you’ll need to borrow when consolidating credit card debt you can fill in an application online.
We’ll work with you to make sure it’s the right amount to pay off the cards. For peace of mind, we never lend more than people can afford to borrow and we create repayment plans which are affordable on a weekly or monthly basis.
Our loans for consolidating credit card debt are provided on an entirely ethical basis, driven by the fact that we are a not-for-profit community-focused organisation. We keep interest rates as fair as possible and lend money in an open and transparent manner. There’s no early repayment fees, penalties, or surprise changes in interest rate.
Once we’ve received all the information we need and a loan for consolidating credit card debt has been approved we’ll transfer the money to your bank account. With the cash in your account you can set about paying off the multiple credit card debts you’ve been juggling and look forward to handling a simple, single payment to CLEVR Money. We’ll help you to set up a direct debit or redirect a benefit into your account to make repayments even less of a headache. Less stressful, more affordable and simpler than ever, consolidating credit card debt with a CLEVR Money loan could make dealing with your finances more straightforward than it’s ever been.