Have you ever been forced to pay a late fee on a credit card not because you were unable to make the minimum payment, but because you simply forgot to pay it by the due date? If so, you are not alone. Many people struggle with paying their bills on time, and while this may happen because of a lack of funds, it, too, may result simply from having too many things going on in your head at a given time.
Debt consolidation is designed to allow you to pay off your financial obligations by combining multiple debts into one, single amount. While consolidating your credit card debt can be a useful method of getting your finances back in manageable order, there are some situations in which doing so may cause more harm than good. You may want to think twice before combining your credit card debt if you: