A debt consolidation credit card is used to take the weight of multiple loans or credit cards. However, this will not solve a debt problem and could make it worse.

Credit card providers sometimes offer low interest rates on balance transfers to make a debt consolidation credit card seem like a viable option. However, these kind of deals are usually for a limited period.

Read the small print

With any kind of credit card it is important to look carefully at what you are signing up to. You should never swap one debt for another with a less favourable interest rate or worse terms and conditions.

Credit cards can work out very expensive unless used sensibly, and we don’t usually recommend that you use a debt consolidation credit card as a way of managing debt.

Free, impartial advice

If you are struggling with multiple debts, consolidating them is unlikely to solve your problem. However, there are many debt solutions for every kind of problem. You can find out more about them with free, impartial advice from us.

CCCS Debt Remedy, our online counselling service, can identify the very best debt solution for your circumstances. We don’t charge fees for any of our services and our advice is completely confidential.