Debt-hit consumers throughout the UK can consolidate their debts without having to take out a special loan to cover it, an industry expert has claimed.
While debt consolidation loans can help many people, working out solutions to debt problems can be done through negotiating with credit card issuers on repayment structures.
Through such a scheme, expert loan consultant Melissa Kellett said that some major debt hurdles can be overcome.
Ms Kellett added: "This is an excellent solution to eliminate credit card debt as long as you do not begin using your credit card again to finance purchases. Otherwise your credit card debt will begin to accumulate once again and you will end up in a worse situation than before."
Debt consolidation usually entails taking out one loan from a creditor to pay off many other debts from numerous creditors. This is often done at a lower interest rate for the convenience of servicing only one loan.
