One of the options you have in solving the monthly obligations dilemma is called debt consolidation.
Putting aside anything you may have heard about debt assistance, the question you are asking yourself is whether or not this kind of a program is the best way for you to take care of your credit card debt.
In other words, you ask yourself if debt consolidation is a good idea.
The answer depends on what you define as a good idea, and to determine that we need to compare what debt assistance does versus what you are looking for.
When you speak to a debt consolidation company, they will work with you to lay out a detailed and accurate picture of your financial situation and then discuss your goals.
Once the debt expert has your situation and goals in mind, they will develop a plan that will help you take all of your high interest credit card debt and put it under one low interest rate loan payment.
All of those high service charges you were paying will be replaced by one low service charge for the loan, and the whole process will free up hundreds of extra dollars a month and create a positive cash flow for you and your family.
You will also notice that with the credit cards gone and you using the extra cash you now have to purchase items, your credit rating will rise which will allow you to finance those large purchases you have been considering.
If that sounds like the goals you would set for yourself when it comes to taking care of your monthly budget, then debt consolidation is definitely a good idea for you.