There is no magical solution for getting out of debt, and you should carefully research any debt consolidation company before you sign for a loan.
As with anything there are advantages and disadvantages to using credit cards. Also, if you report a lost or stolen card promptly, you're protected against its unauthorized use.
You’ll find out the best places to apply for a personal loan and how consolidating affects your credit.
Keep track of your spending to ensure that you can repay your credit card bill in full when it comes due each month.
Money Girl explains the pros and cons of using personal loans to consolidate or pay off credit card debt.
Debt consolidation is a strategy for consumers to combine their unsecured debt into one monthly payment.
There are many reasons to choose debt consolidation, but just as many to avoid it.
The main disadvantage to credit card usage is its cost to you in interest and fees.