One technique for debt consolidation is to submit an application for a credit card that don't charge annual fees and only charges low interest rates. Once you fill out and submit the application for your credit card, the credit card company will check your credit, which gives you the advantage of getting all three of your credit reports free.

There are several kinds of cards available online; some of these cards are secured while others are "unsecured." There are cards for high-risk borrowers and low risk borrowers alike. These cards can help you consolidate your debts if you use the card only to pay the debts owed. If you pay the debts owed, of course the debt will remain on your credit card with interest, but for the most part, you are out of debt with one source, and in debt with another; the difference is that you now have one month to repay the debt. This will give you time, and hopefully during this time, you will find resources you need to pay your debt.

And even if you cannot pay them off, you can resort to paying the minimum amount owed each month, provided that the interest rate is low and that you have no other options.

Be advised that few people apply and receive a credit card, use it working toward debt relief, and then will apply and receive another card with lower interest rates and no annual fees to payoff the first card. This is not effective for debt consolidation; however, it can help you when there is no other way out. You may want to go online and review some of the details outlined in debt consolidation, debt settlement, and debt negotiation to compare the methods used to relieve debt.

Credit cards can work for minimal debt consolidation, but if you do not manage them properly and do not make your payments fastidiously, they will simply enable poor financial habits, increasing your debt in the long run.