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Debt consolidation credit card can be used very effectively to tackle your card debts and to eliminate them gradually. The underlying principle of this card is basically the same as credit card debt consolidation. A consolidated loan is used to settle the various debts in the case of loans consolidation whereas in the former case, a fresh card is used to pay off the various debts.

How It Operates

Debt consolidation credit card is quite an innovative way of reducing and eliminating your debts. All card dues are basically high-interest loans that are best repaid as soon as possible as the interest and finance charge burden can really pull you down if you falter in your monthly payments. The trick of this scheme is to take on a card that has a much lower rate of interest than your earlier cards. You can then pay off all your high-interest debts with proceeds from this card.

Just as in the case of loans consolidation, you'll be left with one loan to tackle but you'll be in a much happier position as the amount of your monthly payment will be much lower than before. It'll become easier for you to make these payments on time and also have surplus money left over every month. Elimination of your debt will become just be a matter of time.

Balance Transfers

Debt consolidation credit card is similar to balance transfer scheme where you can transfer the balances of your high interest dues to other cards with lower rates of interest or to new schemes that offer interest free periods. However, this can be rather tricky as these zero percent interest rates are only valid for a fixed period of time and the interest rate jumps up suddenly to dizzying heights once this introductory offer period is over.

You can keep on doing some jugglery by transferring your loan to another introductory offer when the free interest period of the earlier scheme is over. You have to be able to manage your figures correctly as each credit card debt consolidation company will charge a fee. However, even with a fee, balance transfers can be very effective in reducing debt burdens.

With credit card debt consolidation help, you can also negotiate with your creditors and impress upon them that you are serious about paying off your loans. If the creditors are convinced about your intentions, they might lessen your financial burden and agree to a lower rate of interest which will make it easy for you to make regular payments and eliminate your debts. You might also convince them to come to a settlement whereby they might reduce the total amount of debt if you can clear the balance. After all, the creditors are also interested in getting back at least a part of their money.

Debt consolidation credit card is another form of credit card debt consolidation where a fresh credit card with a lower interest rate is used in place of a credit credit card debt consolidation loan to pay off the sundry high interest credit card debts. Read on to find out more about best credit card debt consolidation.

The next time you're in an office where personal computers are used, look on the desks. Chances are pretty good that you will see a mechanical tape adding machine sitting next to many of the computers. That makes no sense to me whatsoever. Why are such antiquated pieces of equipment, that do little more than simple arithmetic, sitting next to very powerful, perhaps very expensive computing devices?

In my opinion, the advantages of a full featured adding machine program should convince most people that mechanical adding machines are expensive dinosaurs that have long outlived their usefulness for personal computer users. To illustrate, here are a few of the advantages a person realizes from using a well written electronic tapes (etapes) program instead of a mechanical adding machine.

* An etape is editable. With a mechanical machine, an error on a printed tape often means re-running the entire tape. Etape entries can be changed, inserted and removed.

* Etapes can be saved to disc and reopened. There is no need to commit an electronic tape to paper unless needed. And etapes on disc can be shared with anyone in the world who has an email address.

* Etapes saved to disc are encrypted to prevent "back door" viewing and changes.

* Electronic tapes that must be stored to satisfy statutory requirements can be saved on media, such as CDs, that will ensure the integrity of the stored etapes almost indefinitely. In additon, multiple backup copies of stored etapes can easily be created. With backup copies stored off-site, the expense of fireproof storage can be avoided. (While the life expectancy for data stored on CD's is not yet known, I imagine an electronic tape saved on a CD may last longer than a tape printed on paper.)

* Editable notes can be added to each entry and subtotal on an etape. Each etape can also have a caption. Etapes saved on disc can be searched based on file names, captions and/or etape notes.

* Entire etapes and single etape values can be copied and then pasted into any other program that supports the clipboard. This means an electronic adding machine program works with just about all office and finance software.

* With a Master/Derived Value feature, a person can re-use multi-sectioned etapes for often performed calculations. To re-do a calculation, the re-usable etape is opened from disc and key values are changed. Linked subtotals cascade to following etape sections automatically so that all sections of the etape are correctly recalculated.

* An optional subtotal column on an etape displays the current running subtotal throughout the entire etape.

* An unlimited number of memories can be created in a well written adding machine program. Switching between memories at any time is a matter of a few mouse clicks.

* Adding sales tax calculations to an etape can be done by pressing one button.

* A Biz Wizard feature simplifies the calculations of annuities, loans and depreciation. The results of these types of calculations, including entire loan amortization schedules, can be placed on an etape with one mouse click.

With these, and several other advantages of electronic adding machine etapes, why have mechanical tape adding machines managed to avoid the same fate of paper and pencil spreadsheets? In my opinion, habit is a large factor. People have been using adding machines for a long time; long before the advent of personal computers. Whenever an arithmetic calculation needs to be done, muscle memory kicks in subconsciously. The arm extends past the keyboard and the fingers begin to punch very familiar buttons.

I imagine there is also a certain amount of addiction to the whir and clickity-clackity sounds of a paper tape being printed. When I asked one person why she still used a mechanical paper tape machine she said, "I like the sound it makes." There is also the intimidation many people still feel with personal computers. A mechanical adding machine, compared to software, may feel like a pair of well broken in loafers.

Be it habit, addiction or a comfort factor, mechanical adding machines have managed to survive technological advances despite the fact that they deprive people of valuable functionality and incur unnecessary costs. A well written electronic adding machine, which can sound just like a mechanical machine, pays for itself quickly with reduced office supply expenses and fewer purchases of replacement equipment. It is no longer necessary to buy cases of adding machine tape or boxes of ribbon cartridges. And, since software doesn't wear out, the expense of replacing worn out and broken adding machines is eliminated. Not buying paper tape and ribbons in cardboard packaging also means less pressure on our forests. And not throwing out broken machines and exhausted print cartridges means fewer non-degradable plastics going into our landfills.

Using etapes, in my opinion, is a win-win-win situation for personal computer users, the bottom line and the environment.

George Gilbert writes software for personal computers. One of his most popular titles is myOwn10-Key. All of the features described in this article are available on this award winning electronic adding machine. Click here to learn more about myOwn10-Key.