Best consolidating credit card debt

03-Jun-2017 05:40

Problem is, the whole “done right” concept can be pretty tricky.

I’ve been on both sides of the debt consolidation coin.

All happened by using the same tool two different ways: debt consolidation If you’re battling impossibly high interest rates on your credit cards and think debt consolidation could be the tool for you, read on to find out the best methods to use to consolidate your credit cards. Without a payoff plan in place along with consolidation, you could end up in an endless cycle of debt.

First, you must know just how much credit card debt you actually have.

Look at your take-home pay, but also subtract your monthly expenses.

This includes your mortgage, food, utilities, car payment, cable bill, and more.

All examples are hypothetical and are for illustrative purposes.

We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

First, you must know just how much credit card debt you actually have.Look at your take-home pay, but also subtract your monthly expenses.This includes your mortgage, food, utilities, car payment, cable bill, and more.All examples are hypothetical and are for illustrative purposes.We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.I’ve done it wrong and ended up staying in credit card debt for years longer than I needed to be.