consolidation for credit cards comes two ways - depending on your debt amount and account status. You must have heard of debt relief programs called Credit Counseling and Debt Settlement. The two differ in approach. Almost poles apart when it comes to their admission requirements. How much is it that you owe by the way? And what is the status of your account ?

only one tip: no credit cards

Well my first experience with credit card was really bad, my expenditure exceeded my means and ultimately had to go through the debt settlement.
But now that was quite back in the past, now i am wiser and adopted good credit habits.No i wont suggest giving up on credit card because it is the best way to build your credit score.

The best way to get consolidation is never use credit card well if some one has used credit card and he/she in defaulters list than i would suggest Credit card consolidation has many different options for consumers and small businesses seeking debt relief. Credit card debt can be a major pain in the neck especially if you have several high interest cards and are only making the minimum payments. Here we take a look at one of the options known as debt settlement.

Two types of settlement i.e Debt settlement and bankruptcy. Bankruptcy should always be your last option and it will take the most severe and longest lasting effect on your credit score. Bankruptcy will negatively affect your credit for at least 7 years while many consumers can recover from debt settlement after just 3 years.

So i would say bottom line is that credit card consolidation can be a very good option for consumers and small businesses that can afford the program. You will be making one monthly payment at a lower interest rate thereby saving you thousands of dollars over the years when you consolidate your debt balances.

Well not using credit cards at all is not a wise idea, after all you need to have strong credit ratings in order to get mortgages and other loans and that too at a nice rate of interest.