PRIVATE MONEY LENDER TO PAY OFF CREDIT CARD DEBT SETTLEMENT
A private loan to pay off a credit card debt is by definition a financing solution granted through an individual lender or group of lenders who proceed with the settlement of the credit card liabilities.
A private financing facility to pay off a credit card debt aims to reduce the costs of maintaining a credit card negative balance because of the very high fees and interests applying to credit cards in general.
A private loan to settle a credit card loan is useful particularly in the case of card user who has been snowballing his card debts together with the accrued interest and fees who at the end have the potential to become higher than the initial debt.
Paying off a credit card debt through private money lenders is often more efficient and cheaper than to carry on with the existing debt and where the minimum repayment will never be able to completely settle this debt.