How can I consolidate all my credit card debt into a low manageable monthly payment?

Many consumers find they have too many credit cards to easily manage themselves, and are in need of some form of credit card consolidation. Credit counseling is one of the most common debt relief options for people in need.

Credit counseling programs typically have their clients close all of their credit card accounts, and instead of paying each of their creditors each month, are expected to make a single payment directly to the credit counseling organization, which in return, disperses the payment to each of the creditors. Aside from the credit card consolidation payments, the primary benefit of credit counseling is the fact they usually are also able to negotiate lower interest rates for their clients, which reduces the amount of time it takes to get out of debt.

Before choosing credit counseling, or any other debt relief option, it is always advisable to explore your options.

Credit counselling services (I know I can't spell).

well, you could look into taking out a personal loan and pay off your credit cards with that. that's what i'm currently trying to do... loans are generally less harsh than credit cards.

I looked into this and it froze the intrest and cut my payments by $150 a month. So, I just stop paying all my credit card bills.

When you have multiple credit cards with varying amounts of debt, credit card debt consolidation is a good choice. Consolidating your credit debt will allow you to make just one payment to a consolidator, instead of numerous smaller payments to multiple credit card companies. Frequently, you can also obtain a lower monthly payment.

http://www.bills.com/credit-card-debt-consolidation/

I went to Consumer Credit Counseling Service. They are with the United Way. They helped me get out of debt. Beware of one thing..... If you get a reduced settlement, you will be charged income on the difference. So if a company agrees to take $10,000 instead of the $20,000 you owe, then you will get a $10,000 hit on your taxes that will count as income. That happened last year with my husband. We thought we got a deal with the reduced debt, but in the end, we paid for it at tax time.

A consolidation loan at a bank would do it.

DON'T GO TO CREDIT COUNSELING SERVICE. Those things are as bad as a bankruptcy on your credit report.

I recommend paying your cards off from highest interest rate to lowest. Call the card companies and ask them to lower your rates. If they won't lower your rates, get another card at a lower rate and transfer the balance to the lower rate card.

You may choose any debt consolidation program and you will get some articls regarding it from
http://debtcons.freehostia.com

Step #1 Cut up all your credit cards - Right NOW.

Step #2 "Consolidate credit card debt" actually means to take out another loan to pay off the balances of the credit cards. Use caution when you do this.

Make sure the loan is for a lower interest rate than the credit cards.

Step #3 Make payments as high as you can on the new loan, and not just the minimum due.

Step #4 Do not use any more credit cards, and do not buy anything else on credit.

Step #5 If necessary, get a temporary second job. Many people are hiring for the holiday season.