«This enables the customer to manage the repayment of debt more easily, as they will not need to worry about different interest rates and various payment deadlines
on multiple credit card debt and credit lines,» said Ms Choo.
Debt consolidation — This is the best solution for you if you have
multiple credit card debts.
All of these options essentially take
your multiple credit card debts and combine them into one affordable payment.
While it is important to shop around for the best lender to use when consolidating
your multiple credit card debts, you should also look at online credit card debt consolidation companies.
When you enroll in a consolidation program,
your multiple credit card debts get consolidated into one monthly payment, which you need to pay to the debt consolidation company.