Debt relief can mean many things, but for those of us who suffer from continually accruing credit card debt, debt relief often means a credit card consolidation. Such a consolidation can merge the balances of multiple cards – some that carry high interest rates and unwieldy monthly payments. With one focused monthly payment that is derived from the credit card consolidation, debtors have the opportunity to pay down their debt with more money applied to the principal and still have cash leftover for living expenses, thus eliminating the need to accrue more credit card debt. But it’s often difficult to know where to turn to find the best deal for credit card consolidation. Luckily, you may not have far to go.

What many people don’t realize is that many credit card companies will happily work directly with their customers to help with a credit card consolidation. By having the balance of another card transferred to one of your lower interest rate credit cards, you are benefiting both you and the chosen card. For you, you are eliminating multiple, high-interest payments. For the card, you are paying them the – albeit, lower – interest rate that would have been paid to a competitor.

A credit card consolidation can be a great avenue for debt relief. But don’t just consolidate onto any one of your credit cards. Instead, choose the card that has the lowest interest rate, minimum finance charges, and most agreeable customer service. But don’t stop there.  You can save yourself additional money and time if you negotiate with your credit card company to have them lower their interest rate even further. Many cards will offer an introductory low interest rate on transferred balances. Even if they just lower the rate a couple of points it will still save you quite a bit of money.

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