When you have a lot of credit card debt, you are probably also paying higher interest rates on at least some of them. This means that you are throwing away money and making the credit card companies richer at your expense.
In most cases, you can do your own credit card consolidation if you are able to get a new balance transfer credit card. Credit card companies are not giving these cards out as freely as they once did, so most likely you will need to have rather good credit in order to get one.
This type of credit card will help you if you do not have a lot of debt. The primary benefit is that you may be able to get 0% APR interest on the balances you transfer for up to a year. This cuts your interest down to zero, if you can get it. If your credit score is not so good, you will have to pay low interest on the balance – for up to a year, then the regular interest rate will kick in.
There are a couple of things you want to watch for, however, before you consolidate debt onto a new credit card. Watch out for the amount of interest charged for the transfer, which can be free on some cards, and will cost possibly 4% on others. Also watch out for any special fees that may apply on the new card. Be sure to compare credit card offers before you sign.