Before you go rushing off to a debt counsellors office, you should take a little bit of time – on your own – and evaluate your possible debt consolidation options. This is not something you need an expert for. Rather, there are a few steps you will want to try and take to bring about some kind of debt resolution before it takes a toll on your credit score.
Believe it or not, if you have a lot of credit card debt, the solution may simply be to ask the company for a lower interest rate. This is a thing that many people do and some companies will actually honor the request. You will not know, however, until you ask. Just by getting a lower interest rate on your credit cards could help you save money amounting to thousands of dollars a year.
Another way to get lower interest would be to apply to other credit card companies, if your own company is not willing to provide a better rate. While you are at it, see if they will let you transfer other existing balances onto the new card for your own personal debt consolidation options.