Credit cards are a great invention. They allow you to postpone payment for things which you need to buy, and if you time it right, you can get as much as two months free credit. If you pay your credit card debt at the end of each month, there is no interest charge. Many credit cards still have no annual fee, and even offer air-miles and other incentives.
But credit cards are also a source of terrific temptation. We live in a consumer driven society, and its hard to resist the pressure to spend, spend, spend, often on things which, if we really sat down and thought about it, we would not be able to come up with any kind of reasonable explanation as to why we want them. This is where a service like debt consolidation can really be a help to you.
Credit cards are a very expensive way of borrowing, with interest rates hovering around 30% APR. The sensible financial planner budgets credit card spending and pays off his or her bill at the end of each month. Perhaps there is something special you want to buy, and you decide to spread the payment over two months or even three. This is reasonable, and credit cards allow you to be flexible and make an immediate buying decision, if , for example, you see something you have been saving for at an incredible bargain price.
Should you not follow this kind of financial discipline, it may be that you get into credit card debt which is just unmanageable. Bills mount up, and you cant pay them. If this happens to you, call in the services of a debt consolidation company right away. They will negotiate with all the companies to whom you owe money, and will improve the terms on which you have to pay your creditors. The debt consolidation company will roll all your debts up into one, take them over, and you will simply make one payment to the debt consolidator each month, Its not an easy thing to do, but it will at least give you a way to get on with your life, and hopefully plan better in the future.