The consolidation of credit card is a popular solution for those with significant credit card debt, usually distributed on three or four different cards. Basically, this means putting all your debts together on a single card, like transferring it all on a loan. Of course, the goal is to choose a card that offers better conditions than it already is, in short, not only simplifying but also to reduce their payments. Since there are so many deals out there, and lenders fight for your business, sometimes you can find solutions that can save thousands of dollars per year. If the consolidation of your debt to a credit card with low interest and 0% balance transfer, you can save considerably, and pay your credit before (which, of course, is the main objective when it comes to debt card credit). The biggest mistake people make when consolidating is to go through the entire process just to simplify their accounting, and not enough attention to how much you can save. Another mistake is to close zero-balance accounts when consolidating.

This practically means that close some credit options, which is never a good idea. When it comes to consolidation, call your bank and explain the situation. They want their business, and you will be surprised how flexible and willing to negotiate may be, once it is explained that you have several options available to take your business somewhere else. There are many websites that offer solutions for debt consolidation. However, note that while this is a quick and easy solution, do not have the options to negotiate directly with the banks.