Debt Consolidation Question?

Yes, all the credit card debts can be consolidated under one but being on a consolidation program has its pros and cons, which you need to weigh before taking decision.

Anyway, you may find the following article useful.

http://www.debtconsolidationcare.com/credit-card.html

Make sure you understand the difference between Debt Consolidation and Debt Management.

Debt Consolidation is when you get a lower interest loan, pay off all your creditors with that and make one payment to the new loan. This is not always recommended as you are using debt to pay debt. However, if you can find a loan to do this, this can be a good option.

Getting debt consolidation loans in this economy is difficult, but if you have equity in your home or really good credit is possible.

Debt Management is when a third party negotiates a reduced interest rate for you. You make your payment to this company and they distribute your money to your creditors AND take a monthly fee as well.

If you can consolidate them into one payment, at a lower interest rate than what you are now paying, I would do it. You need to make sure that you are actually lowering your payment, or interest, or preferably both. Sometimes debt consolidation can actually cost you more if you are not careful.

Thanks to all share your suggestion here.
I really appreciated to share about SC article it's really helpful to us..