One Plus One Plus One Equals One with Credit Card Consolidation (cont.)
Contributed by Stephanie Litaker
The right way to find yourself debt free with credit card consolidation
You know every time you check your mailbox that chances are you will find at least one credit card offer, and they probably have a low introductory interest rate for balance transfers. If you receive a credit card with a low enough interest rate and a high enough credit limit, you can use this route for credit card consolidation. But, in the end, you're still not solving your problem, you're just playing a shell game.
However, if you can find a credit card that has an introductory zero percent interest rate for one year, and the credit limit is high enough to allow it, choosing this option may be your best solution. Rather than paying three different credit card payments to three different companies with three different interest rates, you can make one payment on one card that is not charging you interest for a year. This will help you pay off your credit card debt, but the key here is to actually pay off that debt rather than incurring more debt.
