BIBICAFFE BLOG

Statistics show that over 70% of American families struggling with the monthly credit card payments. So, is really not a surprise that so many people are trying to find a way to consolidate credit card debt.

Unfortunately, it is not as easy as it sounds.

Usually by the time a person decides that they need help – in this case, to consolidate credit card debt – it is often too late. Most of the time, people do not realize how out of hand their credit card debt really is, until they are already late or non-payment for several months.

When this happens, the individual’s credit score negatively. So they are difficult to get another credit card or bank work with them to stabilize the credit card debt because they can not get a new or larger loans now.

So, what do we do?

First, you need to start thinking outside the box! Did you realize that you can combine credit card debt without getting a new credit card, take out a new loan, or get a new line of credit? Well, you can. There are programs that more and more people are using to manage the economy, in particular their unsecured debts.

People do this with a non-profit organizations whose sole purpose is to help people with their unsecured credit card debt. The best thing about this is that they work directly with your creditors, so you do not have to deal with debt collection agencies, or demanding your credit card company employees even further. It is a relief, is not it?

It is clear that the first step to do the responsible thing and contact a debt consolidation organizations. You will explain the situation and ask them to consolidate credit card debt. They then ask you some questions and get some more information from you.

Generally, all they need to know which card companies you owe, what is the balance, and what the minimum monthly payments. They then take this information and prepare a plan to consolidate your debt. Since these companies are well known and has been operating for a long time, they already have good relationships with lenders and credit card companies.

After finishing his MBA at the University of Detroit with a concentration in finance and taxation, Anthony Amaradio California’s pride, commenced his avocation in the financial services industry. Thousands of clients are being served by Select Portfolio Management Inc., a company which he started up and has served with merit and distinction for more than 30 years now. Mr. Amaradio has become a celebrated innovator in the financial industry.

Early on in his career, he realized that for clients with a high net worth, an all-encompassing wealth management system would be needed. This marked the beginning of the development and implementation of well-received strategies relating to asset protection, portfolio design, and tax planning. These strategies were developed by Amaradio and the team of knowledgeable, admirable experts in all matters legal and financial he assembled.

As host of “Market Talk,” a financial talk radio show owned and operated by Anthony Amaradio, California has become familiar with his common sense approach to finance. A frequently invited guest to speak before audiences of non-profit organizations and ministries throughout the country, Mr. Amaradio has helped major donors develop their skills in order to become more effective philanthropists. His speaking engagements have shown his steely devotion to – and his great passion for – philanthropy.

His frequent travels do not interfere with the improvements he regularly makes to investment consultation and planning matters. Aside from being the President and Chief Strategist for Select Portfolio Management Inc., Anthony Amaradio is also a Registered Representative of the Securities Equity Group.