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Of course, credit card consolidation is not a miracle solution for all your financial problems. On the contrary, you may find that it requires a lot of financial discipline to make the payment on time and to straighten things up. However, it is less confusing than having several small credits, and so it is easier to keep things under control. Card shaving's growth comes partly as a reaction to increased high-tech credit card security steps, experts say. "As regulations and security tightened on electronic credit card processing networks, it became increasingly difficult for hackers to penetrate them," says Shyam Krishnan, an industry analyst with the Smart Cards group at Frost & Sullivan, a high-tech research and consulting firm. And so they turned to other low-tech scams, such as card shaving. There is also the option of getting credit counseling, if things get really confusing. A successful plan will make sure you make the payments on time and regularly, without putting a strain on other aspects of your life. Of course, it's a lengthy process, usually taking one or two years - but it's worth the trouble.
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