Debt consolidation may help, but often you can get many of the benefits yourself. Many debt consolidators charge fees that you don’t need to deal with!
Have you talked to your credit card companies about reducing the interest rates? Tell them you are having a hard time making your payments and would like to get a reduced rate.
Are there other expenses in your budget that could be reduced to allow more money to be focused on eliminating debt?
Do you have unused items that could be sold to reduce debt? Hello, Ebay!
Could you work OT or a part time job? This isn’t a way of life…just a temporary fix to eliminate debt.
Obviously there is no way to “consolidate” yourself out of debt! But you do have many things you can do to make it better. Call your credit card companies today, cut other expenses, sell unneeded stuff and look for other income opportunities!
And finally, make sure you stick to a budget so you don’t add to the debt in the future.