debt consolidation for high interest rate on credit cards

Hi borbonjuliet, put your debts under one monthly payment in the consolidation. The interest rates you are paying to your creditors now will also be lowered down. At present, most of your money will be going towards interests alone and you are not able to minimize this debt. After combining the accounts under the consolidation plan, most of the money will go towards the principal amount and the debt will get paid off quickly. A consultant will be calling you on how to reframe your payments. Figure out some of the debt solutions that might sound helpful in your situation.

In general how low the interest rate can get? Thanks.

Well, your consultant will tell about this after reviewing your account individually. Interest rates vary depending upon the file status. But you can expect your debt will shrink by 40% to 60%