Like with everything good comes something so overly abused, that turns bad. Credit Cards were invented to help others get by without using cash and being able to purchase goods when you can not find an ATM machine to get money from.
But, that all changed, because it made things too easy, like spoiled kids we ran out and just bought everything we wanted and what we did not even want. Over time everyone was buying stuff from 5 or more cards.
The problem was so large that many people could not figure out any means of paying back for the borrowed goods, so that created a new era in our lives. Up came companies that would help you pay off your borrowed debt, so called Debt Consolidation Companies.
As if having one credit card is bad enough, every one had 5 or more cards that meant the amount to be paid back ran into the thousands of dollars monthly, because of all the false promises congratulated about companies boosting their pay until after two years policies.
Credit cards are as good or as bad as you would like them to be, but the fact of the matter remains, you have to learn how to get your debt under control. If you need debt consolidation, you will also need to learn how to control your spending habits.
You, first have to get rid of the idea of buying on credit is a good thing, it's not, learn to live by your means, and that means spending what you have and can afford, and not running up bills on credit cards that you can not afford.
Now, if you happened to be in debt over your head, you will need some type of debt consolidation service, there are many different service being offered by the different debt consolidation companies. But for now you should only focus on debt consolidation while you reduce your debt by lowering your monthly payments, you would just pay one monthly fee for all your credit cards.
Debt consolidation companies make this monthly payment low enough so that it will not be a burden, and another aspect you should also inquire about is reducing the interest on your credit cards, certain debt consolidation companies are also able to reduce your interest to zero percent .
Again, I must stress as with any recommendation, please do not go for the first debt consolidation company you approach, contact at least three or four, you do not want to discover after months of paying that debt has not been reduced.
Another debt consolidation company you should inquire about is those that reduce the payoff time, this will shorten your credit cards debt, and save you huge amounts of money.
It is best to find a debt consolidation company that does all the above, and there are a few good ones out there, so, the best advice I can offer is for you to go out there and educate yourself on all aspect of how to reduce debt and what types of debt consolidation companies are worthy and last but not least, do away with your credit cards until you get your debt under control.