The Psychological Power of Easy Credit
No one likes parting with their hard-earned cash. There's something about reaching into a wallet and giving away a crisp, new bill that makes everyone suffer at least a tinge of anxiety. That's because we're taught the importance and value of money early on in life ... and by the time we're old enough to earn it through hard work, we've developed a sort of psychological kinship to cash that results in a form of separation anxiety whenever we're forced to spend it. And that probably explains why more than two million U.S. households owe at least $20,000 in credit card debt. It also explains why more and more people need the services of Consolidate Debt Financing.
Analyze This
Psychologically speaking, the emotional attachment people feel with cash doesn't penetrate the cold, hard plastic of a credit card. Therefore, typical buyers are far less reluctant to spend money when they can swipe their credit cards at cash registers. That's supported by a number of studies that show people spend between 12 percent and 18 percent more when using plastic instead of paper. Unfortunately, these people are living a lie. While they might be saving their feelings, they're certainly not saving money. In fact, the opposite is true. After being lured in by the promise of having ultimate spending power, unsuspecting shoppers soon find themselves caught in a never-ending cycle of debt that drains them dry of the very thing they initially sought to retain. Consolidate Debt Financing can provide you with an exit from that cycle and put your money back where it belongs: in your wallet.
Emotional Rescue
The problem with credit cards lies within their revolving system of credit and interest calculation. As opposed to an installment loan, the interest on the total amount borrowed is calculated by the lender and spread out over the term in a fixed payment plan. The other way is revolving credit, which involves recalculating the monthly interest based on the balance of the account. Credit card companies then charge customers a very small percentage of each month's balance, usually about 2 percent. What comes across as a great deal is actually a shrewd, calculated plan to keep cardholders paying for years, but never seeming to make any headway in lowering their balances. That's because by charging so little, credit card companies receive just enough to cover each month's interest charges. That allows them to forward the virtually unchanged balance to the following month so new interest charges can be calculated and the vicious cycle can start all over again. The only chance of becoming financially free is to disarm credit card companies by paying off each card's entire balance. However, considering that the average U.S. resident carries nine credit cards, few have the means to do that. Consolidate Debt Financing can give you the means.
An End in Sight
By loaning you one lump sum with which to pay off your existing revolving credit accounts and other types of debt, Consolidate Debt Financing effectively condenses your monthly bills into one inexpensive, convenient payment with a low fixed interest rate--meaning not only will you have more money in your pocket every month, but also you'll save a tremendous amount of cash that would have been spent on interest over the life of the loan. And unlike the life of a revolving credit account, this one will have an end to it. So you'll have a smaller monthly payment, but a purpose behind making it: to pay off your balance and finally achieve financial freedom.
