Consolidating credit card debt with personal loan

The solution requires you to roll up your sleeves, make a plan for your money, and take action!

We get lots of questions about debt consolidation at Credit.com, and that's because there are so many ways to consolidate debt.

Most of the time, after someone consolidates their debt, the debt grows back. They don’t have a game plan to pay cash and spend less.

In other words, they haven’t established good money habits for staying out of debt and building wealth.

That’s why dishonest companies that promote too-good-to-be-true debt-relief programs continue to rank as the top consumer complaint received by the Federal Trade Commission.

To do that, you have to change the way you view debt!

Dave says, "Personal finance is 80% behavior and only 20% head knowledge." Even though your choices landed you in a pile of debt, you have the power to work your way out! The solution isn’t a quick fix, and it won’t come in the form of a better interest rate, another loan or debt settlement.

Some companies know holiday shoppers who don’t stick to a budget tend to overspend then panic when the bills start coming in.

And other loan companies will hook you with a low interest rate then inflate the interest rate over time, leaving you with more debt! Your goal should be to get out of debt as fast as you can!

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