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Credit card consolidation can be used to deal with a number of separate, large debts across several different credit cards. Consolidation is the act of bringing together either all credit card debt onto a single card, or moving the credit card debt into a form of debt with a lower rate of interest.
Balance transfer credit cards are available for those who want to move debts onto a single card. Balance transfer credit cards usually include low introductory rates for balance transfers, which allows the easy transfer of other credit card balances to them (other fees and conditions may apply).
However, the introductory rate only lasts a certain time before full interest rates take effect, so may only serve as a temporary measure for many people.
Credit card consolidation can also occur through paying off the full balance of credit card debts using a personal loan. Loans generally offer lower interest rates than credit card debts, and so obtaining a loan can lead to more manageable interest payments, allowing an easier repayment of any debt. Loans for specifically this purpose can be obtained from a number of banks and building societies.