Many people are carrying credit card debt every single month and the problem is getting worse. In the United States alone more than half of the adult population has some level of credit card debt. So in this article we will show you how to consolidate credit card debt so that you can manage it more effectively.

We live in an instant gratification world and it is all too easy to see something that you like and pay for it using a credit card. Sometimes it doesn’t feel like you are spending because you are not parting with cold hard cash. But this has become an epidemic and in America the average credit card debt is more than $4,000.

How To Consolidate Credit Card Debt

When you get your credit card it all sounds great doesn’t it. Use it to buy stuff and then pay off what you owe each month. If you don’t feel like paying off the whole amount (or you are unable to do so) it is not a problem because you can just pay a minimum amount to keep your credit card company happy.

The credit card companies know that a lot of their users will only pay the minimum amount and leave a large balance outstanding. They will then charge interest on this outstanding debt and this can really get out of control if you let it. You can end up paying back far more than you borrowed.

How to consolidate credit card debt is all about getting on top of the situation and paying off the debt leaving you with a manageable loan or loans. Once you do this then you need to resist the temptation of using credit cards to pay for everything again or you will end up in an even worse position.

1. How to Consolidate Credit Card Debt with a Balance Transfer

These days you will find many credit card companies offering a credit card where you can transfer the balance from your existing card and then enjoy a 0% APR period of time where you can pay off the balance with no interest.

This sounds like a great deal right? Well it is only if you completely pay off the balance that you transferred within the specified 0% APR period. If you fail to do this then you will have to pay interest on the remaining balance.

Getting approval for a balance transfer credit card usually means that you have to have an excellent credit rating. You may also have to pay a balance transfer fee which can be around 3% of the balance that you transfer.

2. A Consolidation Loan for your Credit Card Debt

Do you want to know how to consolidate credit card debt easily? One of the easiest ways to do this is by obtaining a credit card consolidation loan. This is an unsecured loan which will pay off your entire credit card balance that you agree to pay back over a specified period of time. The interest rate is fixed and a lot lower than the credit card company charges.

If your credit rating is not perfect then a credit card consolidation loan is often easier to obtain than a new balance transfer credit card. Lenders will assess your credit rating and then offer you a rate of interest. If your credit score is low then expect a high interest rate on your loan.

Some lenders will charge an upfront fee for arranging the loan as well. Some lenders will offer loans up to $100,000 to pay off credit card debt. The major benefit here is that you end up with a manageable payment that you need to make each month.

3. How to Consolidate Credit Card Debt with Credit Counseling

In the United States there are non profit credit counseling organizations that can help you with debt management and even recommend or setup a plan for you. If you want to try this then go with NFCC (National Foundation for Credit Counseling) accredited organizations in your area.

What will normally happen with a debt management plan is that the credit counseling organization will ask you to make a single payment to them and then they will pay your creditors. The organization may be able to negotiate lower monthly payments or rates of interest for you.

Some credit counseling organizations will insist that you close any credit card accounts when you embark on a debt management program. This is not always good for your credit rating. Also be aware that there may be a small fee for the services of the credit counseling organization.

4. Get a Home Equity Loan

This is how to consolidate your credit card debt by using your home as collateral. You can obtain a home equity loan for the credit card debt amount as long as it falls within a certain percentage of the equity that you have in your home. The equity is the current value of your home less your current mortgage amount.

One of the advantages of a home equity loan for consolidating credit card debt is that you can often secure a lower rate of interest and a longer payment terms than you can with an unsecured consolidation loan. There will be fees to pay and you must always remember that if you default on the loan your home will be at risk.

Take Action Immediately

Now that you know how to consolidate credit card debt it is time for you to take action. Choose one of the methods above and take control of your debt. Only use a credit card if you have to once you have consolidated your debt, and make sure you pay the full amount off every time and do not leave an outstanding balance.

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Lysette Morgan



Me gustaría recibir esta información en español.

Adela aguirre

Me gustaría recibir en español esta informacion

Darryl Scott

I have taken out 2 payday loans which are predatory. How do i get a loan which is lower in interest to pay these predatory payday loans off ?

Keith Santos


Leroy Washington

Yes I would like to earn some money . Please sign me up .

Sharon. Thorne

I would love to drive a vehicle for
. advertisment.Will drive to advertise, almost any and every.

Reese Reggie

Call 2153031572



P. Pierson

I’m in 1 consolidation group, 12 more months to go and my credit score is in the 600’s now and got 1 credit card…no more. They send a report monthly and if I can’t pay on the agreed date, they let me change it for that month.

Stanley M

I have hundreds of dollars to pay but can’t due to involuntary unemployment so what should I do if that causes companies to ask about my credit rating and causes a credit process problem to which I can improve my credit rating.


I need advise put would like to speak with someone that has knowledge and won’t stir me wrong


Please send the link for making money by advertising a product on vehicle.

Mark Testa

I almost got taken by a add that offered the same promise. They sent me over 14 thousand dollars worth of checks. They wanted me to cash them and give 10 thousand to their representatives, and I was to keep 4 thousand. If I had done as they wanted I would have been responsible to pay the bank back. All of it.

Richard Frenzel

Please send me there link, info” that they sent to you? / i work with the fraud department for the I.R.S

Zachary Simms

I need help really bad

Roy Caldwell

I need to find a way to make a lot of money.

Michael duffy

I need a loan to get into a new house and buy a car


I dont own a car and I dont drive

Coralei Bonfiglio

Going into, but on ssdi, chidsupport would I ever be in a decent house again?

Coralei Bonfiglio

I have tried do hard,n everyone thinks,just cause of your situation now,that’s been your life. It’s been the opposite; Supervisor for Wells Fargo home mrtg 18yrs.til they found I have Lupus,said I was a risk n should have let them know,so they let me go. I worked hard to get the positions,I was given
Can’t fight the almighty $ attys cost

Coralei Bonfiglio

I really try, but some days I just feel good, but keep pushing myself

comalita Smith

I need help with my morgage payment i do homecare and my client pass away, and did not get payed so am 2 months be hide

John Kaye

I’m debt free. I don’t spend what I don’t have. I cut up all my credit cards in 1975. All paid in full. People need to learn to restrain themselves.


Yes they do. Restrain is one word. Responsible is another. I had lots of cards, paid on them, responsible, husband passed, debt hit me like a rock. I’m in the clear again, but can’t get back on my feet. Just saying…..

John Kaye

I’m debt free. I don’t spend what I don’t have. I cut up all my credit cards in 1975. All paid in full. People need to learn to restrain themselves.

Angela Sapp

I am a victim of identity theft and fraud

Felecia R Hollingsworth

So true!?

Joan Lee

I need a job and I will love todo online Surveys to make Ex Money to help with my Ret.
How do I go about getting started
Joan Lee

Geraldine Erhardt

I need help.


I own my house, just me owns it no one else. But how would I find out if someone tired or did use my house with out me knowing,

Kevin merry

If you’re looking for a roommate to help share your house that would be an idea that way you would know I’m on disability I get the minimum and I’m always looking for a place to run a small business set up a home right now I’m in a shed in someone’s backyard it’s not bad everything but running water so let me know if you’d like consider a roommate and of course what you would charge for a room and use of kitchen restroom

Billy Don Shoemake II

Hmmm! Certainly food of thought Sir!
Thank you for sharing your info to allow people to take initiative to perhaps help better their lives.
Personally I have already decided to brainstorm some new apps and buddy up to people who are already creating apps. Hey the Universe has NO limits!
Sincerely! Billy Don Shoemake


I am not even using my credit card. It’s been almost 3 years of paying. It should’ve been paid off. My bad

Tracy DeBoer

Ive been trying to get loans and grants and anything I can apply for and am tired of being turned down. I’m through!!!!! I can’t take the rejection anymore . I can’t take it.

Frank J

Thank you I needed that

Kathleen Camilli

Hi my name is Kathleen camilli Im interested in buying land a House Or and an Rv So if you able to direct me or help in any of these areas that would be fantastic.

Alameda Haynish

I have one bill that is killing me. I don’t have a card but the account #

Gary Stevens

I need help with my credit. It’s only 518 bad bad