Debt is a major part of the American life style.  We need to face up to that fact.  A lot of people try to mask it by moving money from one credit card to another to another.  Pretty soon it catches up to you and the interest charges begin to sky rocket.  When you get tired of the rat race, it’s time to consider a debt consolidation loan.  This is basically a loan that combines all your debt whether it is your cards or an outstanding loan along with a credit card or two and then you combine all this into 1 loan usually with a lower interest rate.  Lenders are more willing to do a debt consolidation loan because it shows them that you want to better manage your debt.