Homepage > Call 4 Action

Call 4 Action: Credit Card Debt Consolidation

UPDATED: 2:00 pm EST January 2, 2004

Call 4 Action reporter Susan Koeppen says the American Bar Association is warning people to be careful about credit-card debt consolidation.

Some companies may promise to manage your money, but your finances could get mangled in the end, according to the ABA.

"Before choosing debt consolidation, a consumer should consider all the options," said the ABA's Dennis W. Archer. "This is an effective way to consolidate your debts and get help. However, a consumer should be very careful when choosing to accomplish debt consolidation and should very thoroughly check the company out before signing up."

The ABA has posted advice online for consumers dealing with credit or bankruptcy issues. It's available at www.abalawinfo.org.

Links We Like

Employers generally have options when it comes to hiring. Makes sure you present yourself as professionally as possible, or else. More

You can pick your friends, but not your family -- or your neighbors. Here's what you need to know about how to deal with yours. More

It was bound to happen. There are now applications for your cell phone that can help you avoid speeding tickets as well as traffic jams. Drive carefully. More

Are you often tired or rushed in the morning? Give your morning habits a makeover, and start the day feeling positive and energetic instead. More

Sponsored Links