Think hard about debt consolidation loans
I have just had first hand experience of the above and my gut reaction was: think very carefully before considering a debt consolidation loan.
It may seem easier to pay off all your debts each month in "one low monthly repayment" but you are really borrowing more money.
So what you should consider is making a list of all your incomings and outgoings (be honest!) each month. If you are able to cover your outgoings including credit card repayments, you should just be organised and try to do this yourself, by setting up Direct Debit etc.
After all, this is all a company does for you - takes your monthly sum and gives it to each credit card company.
If you cannot cover each payment and decide a loan is for you, you should think carefully about how much you can afford to pay out each month.
If you look online, try to deal with one company at a time. If you surf loads of websites like me, you will get emails and phone calls for weeks.
Once a company contacts you, they will go through your finances with you, so have a copy handy of the incoming and outgoings list you made. And good luck with paying off the debts and getting into the black!
