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Credit card debt is a nightmare of a problem and unfortunately there a lot of folks who face this today (and if other individuals dont pay heed, they may well get trapped into credit card debt too). Credit card debt consolidation is generally regarded as the most essential step in credit card debt reduction and elimination. So what is Credit card debt consolidation? Credit card debt consolidation is the approach/technique to consolidate debt from several credit cards into lesser number of credit cards (ideally one or two credit cards). Credit card debt consolidation is sometimes also referred as a balance transfer exactly where you transfer your balance on 1 credit card to yet another credit card. Normally, the balance transfer (or credit card debt consolidation) is accomplished from credit cards with higher APR to credit cards with lower APR. Credit card debt consolidation can also be achieved by going for a bank loan (at a lower interest rate) and making use of that towards paying the debt on the higher APR credit cards. This loan is then paid-back to the bank in the form of monthly instalments. As you would have noticed, a lot of credit card suppliers and banks keep coming out with appealing delivers for Credit card debt consolidation (or balance transfers). There is no dearth of % APR offers for credit card debt consolidation. Even so, credit card debt consolidation is a critical physical exercise and you should physical exercise caution so that you dont get into deeper trouble. When going for credit card debt consolidation, you should effectively analyze the offers from various banks and credit card suppliers. Check the time period for which % APR is becoming offered and also the APR that would be applicable after the lapse of that period. Normally, %APR is valid for a 6-12 month period only. So, if you are confident of paying back a considerable amount of debt in that period, this type of credit card debt consolidation will function for you even if the APR (post % period) is a bit greater. Even so, if that is not the case, the extended term APR is going to be the most essential thing for you. If the extended term APR is more than the APR for your current credit card, this kind of Credit card debt consolidation will be futile for you. Also, check processing charges and so on just before you really go for balance transfer or credit card debt consolidation with another supplier/bank. Yet another good idea is to check with your current credit card supplier and see if they can provide a lower APR to you in order to help you in clearing off your debt (you would be surprised that they do oblige at times and hence get rid of the require for credit card debt consolidation). Its important that, with credit card debt consolidation, you also inculcate good spending habits otherwise credit card debt consolidation would actually be of no use to you. debt free america