What is credit card consolidation and can I consolidate only 2 cards?
You can consolidate 2 cards into one single monthly payment. However, it will work better for you if you consolidate all your multiple credit cards into one single monthly payment.
Consolidation is a process through which you can replace your multiple unsecured payments by a single payment every month. You can enroll in a debt consolidation plan offered by a consolidation and settlement company, or you can consolidate on your own by taking out a consolidation loan or taking out a balance transfer card.
In reality, there is no such thing as credit card consolidation as advertised by for profit lenders/credit repair companies. If you are making the payments you can avoid trashing your credit by paying down the higher interest card first....go on a serious budget. No starbucks, brown bag it, use coupons. Get a second/part time job. Or borrow a true consolidation loan thru your bank/credit union. Avoid the suggestions above....
You can consolidate only two credit cards, but what will be its use? I am totally agreed with the view points of Good Nelly that through consolidation you can make multiple unsecured payment by a single payment every month and you will also not feel hectic in paying it. You can engage some or you can go by yourself and discuss the matter with your creditors.