My husband has more than 10 credit card debts...what to do?

Hi Nkue,

Try some consolidation because most of the people are now using this program for making their repayment process easier. Remembering the dates of the multiple card accounts each month is easy but it can catch some finance charges or late fees if defaulted. Chances of getting confused with the dates are quite possible especially when you have more card accounts.

In these situations, you have the benefits of such programs because all your bills will be combined together and you will only have to make one check to the consolidation company. They will pay to your multiple creditors each month at some monthly charge.

Your credit report will be showing this program as long as you are using it. But after you have completed it, it will be removed from your credit file. During this time, it does not cause any negative impact to the credit because payments will be done regularly to your creditors. Negative remarks only appear when the accounts are in defaults or much behind in payments. But consolidation program is designed only to improve the credit view in front of your future lenders.

Take a professional counseling and know more on this program. I also had multiple card accounts and fearing that I may miss payments and catch up with some financial charges, I took this professional help.

Hope this is helpful to you too.