Is consolidating debt good
Whether you’re struggling to make ends meet or just want to use your money more wisely, debt consolidation may be for you.
It may seem odd to fight debt with another credit card, but it can work in some instances.
The first is that you’ll likely need pretty solid credit to qualify for one of these credit card offers.
The second is that once the introductory period ends, you’ll be back up to high interest rates — maybe even higher than your original cards.
If you have accumulated a lot of debt and are making multiple payments each month on a number of credit cards or loans, you might consider consolidating.
Debt consolidation should be considered whenever you feel overwhelmed with monthly payments because it can get you out of debt faster with less money spent.