Need help consolidating my credit cards oracle updating through a view
Again, be careful to check the interest rate and terms and conditions to make sure you won’t be adding to your debt, or paying it back over a much longer period of time.
If you take out a loan, always repay the credit card debt and destroy the card so that you're not tempted into using it again.
Credit card providers sometimes offer low introductory interest rates or special deals on balance transfers, meaning you might end up paying less.
If you move your debt to make it easier to pay back, it's very important that you don’t spend any more on the card.
If you do keep spending on the card, you risk taking your debt back up to the maximum limit and, in effect, doubling the original debt.
Always remember that if you have financial problems, you're very unlikely to solve them by debt consolidation.
Step Change Debt Remedy, our online debt advice tool, can identify the best debt solution for your personal circumstances, and we can help you every step of the way.
Moving the debt from one place to another is rarely the answer if you cannot afford to pay off your debts.
We strongly recommend you get expert debt advice before consolidating your credit card debt.