If you have been having financial difficulties and have a large amount of credit card debt, it can be easy to assume that debt consolidation is a good idea. Through television and radio ads, people are inundated with various debt relief and debt counseling messages.
Managing debt is an important part of overall household management in the United States. Credit card debt accounts for a major slice of that debt. This type of debt can also be pernicious and hard to control for two reasons: there are hidden fees associated with some cards and the interest rates can change on relatively short notice.