Debt Free Credit Card Consolidation

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The 3 Techniques of Credit Card Debt Consolidation


This is the attitude you NEED to have if you want to get rid of your credit card debt. Getting out of credit debt is a lot hard than getting into it (obviously). So it’s going to take some hard work and determination if you want to start tackling your debt.

Why Credit Card Consolidation?

Becoming debt free via credit card consolidation is a viable solution because it helps you get the ball rolling. Although credit card debt consolidation doesn’t lower your total debt, it does allow you to consolidate your debt into one payment with one interest rate. There are several debt consolidation techniques when it comes to credit card debt. Here are the three most reliable solutions.

How to Consolidate Credit Card Debt

  1. Put it all on one credit card: the objective of credit card consolidation is to get rid of those high interest rates you’re paying. One technique is to find a new credit card with a low introductory interest rate and payoff all your other credit cards with it. This is also referred to as rolling over your debt. However, this technique only works if you plan on aggressively paying off your consolidated debt AND NOT CHARGING ANYTHING NEW ON THE CARD! If you don’t tackle the consolidated debt and start charging new items, you haven’t solved anything.
  2. Get a debt consolidation loan: if you can’t find a credit card with a high enough limit or low enough interest rate, it’s time to get a debt consolidation loan. Basically a debt consolidation loan is a loan you use to pay off all your outstanding credit card debt. Again, this solution doesn’t reduce your debt; rather it consolidates it into one payment with a manageable interest rate. One popular debt consolidation loan solution is a home equity loan. This loan borrows against the equity in your home. The benefit of this loan is that it’s fairly easy to get since it’s based on your home’s equity. However the down side is that since the loan is based on the equity of your home, if you default on it, you could lose your home. SO PAY YOUR LOANS!
  3. Establish a payment schedule and pay off all your credit card debt: It might turn out that all you need is a little discipline. Before you get another credit card or apply for a debt consolidation loan, take a look at your finances, your income, and where you can make sacrifices. If you’re serious about paying down your debt, you need to make sacrifices. No more eating out or going to the movies. Establish a budget and start paying off your credit cards as much as you can. You might just find that your debt is more manageable than you thought.

Trying to avoid debt consolidation? Discover other credit card debt relief solutions.

When it comes to debt free credit card debt consolidation techniques, you have three to choose from. Each debt situation is unique, so be sure to examine each option, take a look at your specific situation, and choose wisely. If you’re in need of additional guidance or help finding a debt consolidation loan, check out our debt consolidation section.

You can also get a free consultation about your credit card debt solution options from one of’s pre-screened partners.


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  • MM
    Mar, 2013
    As many other employed people I also had several credits. It is better to have one concern than many, so I made the decision about restructuring of the credit. I used a credit card consolidation loan service to effectively cover my debts and pay significantly less every month.