If you have too much credit card debt you should consider consolidating your credit card debt. There are two ways to do this. The first is, say you have three credit cards and one of the three has a significantly lower APR than the other two. You can transfer the debt from the two cards to the lowest APR card, and save money through lower interest payments. The other way to consolidate credit card debt is to merger of all of your debt into a single loan, with a lower monthly payment and a longer repayment period. This type of loan is called a debt consolidation loan. Debt consolidation will reduce your interest and payments and will target you to be debt free in 12-36 months. The reason debt consolidation works is that the time that the debt is expected to be paid off is extended. Its this extension that allows for a lower monthly payment. The key to debt consolidation is to stop the spending that got you so much in debt while your paying off the debt consolidation loan. Always get many debt consolidation quotes before deciding on a lender.