Why does the debt consolidation program work?
Credit Cards are under a revolving credit payment plan. They are designed to keep you in debt, resulting in your paying an extraordinary amount of interest while trying to pay them off. Under these circumstances, most people will end up paying between 15 and 30 or more years. This means they will usually pay out 5 to 6 times what they originally borrowed. By changing from a revolving to a fixed payment plan, along with a lower interest rate, most of the money is applied to your principal balances instead of just paying finance charges each month, reducing your total payout term to 3 to 6 years.
