Debt consolidation is a strategy to roll multiple old debts into a single new one.Ideally, that new debt has a lower interest rate than your existing debt, making payments more manageable or the payoff period shorter."It has to make sense, and it has to fit into your overall lifestyle," Mc Clary says.Do you pay off your credit card balances every month?If you need help getting out of debt, you are not alone.Although signs show an upturn in the economy, many Americans are deep in debt, and not everyone can work overtime or a second job to pay down that debt.
If you want a rewards card to use frequently, you might not mind paying a 0 or 0 annual fee.
National Debt Relief provides all the forms necessary to notify your creditors you’ve entered a hardship program and gives you access to a client dashboard where you can get updates on how your settlement is proceeding.
If you value customer service most, Freedom Debt Relief is a good choice.
The best way to consolidate credit card debt under ,000 could be to get a zero-percent interest credit card and transfer balances from high-interest credit cards over to it.
You also could look at a personal loan to pay off your balances.