Consolidate Your Credit Cards ? Lower Your Monthly Payments

If you?re like most North American people today, you go through life carrying a fair amount of credit card debt. And if you?re like most North American people, you?re okay with that. $100 per month in repayments is fine, even if you?re paying that much on three different cards. It?s doable ? you can afford it, if you have to. But here?s the thing ? if you consolidate your credit card debt, you don?t have to.
Do the math with me here: You have a Mastercard, a Visa, a Discover card and an American Express. Let?s say with each of them you?re supposed to pay 12% interest per year, (which would be generous ? many cards charge as high as 29% these days!) and the monthly minimum us roughly 2% of your balance that has to be paid back each month. Assuming you owe $2000 on View the rest of this article