Credit card debt consolidation

Last time I showed several cards with low APR rates. But what if you already own several high interest cards and have accumulated a significant amount of debt?

One of the things you can do is to call your credit card company and ask for the interest rate to be lowered. They will usually be willing to lower by a few percent to at least competitive rates for your credit standing. This is enough to save you hundreds of dollars in a year if you have several thousands of dollars in debt.

Another thing you can do is use a debt consolidation service. Usually these services are used by businesses to settle their debts without declaring bankruptcy. However, there offer services to consumers as well. Most debt consolidation services will merge your debt from various credit cards into one - at a fixed interest rate. The rate should be lower than what the credit card companies are charging you and you have less headaches now that you only have to pay off a single source.