As always it depends on your circumstances. Credit card debt consolidation is the process of taking all of your credit card debt, contacting all of the banks that issue the cards and creating a repayment program which will ensure they get paid, your interest rate is greatly reduced and you get out of debt in the shortest amount of time possible.All of your credit card payments will be put into one monthly payment. It makes it easy. We draft your payment every month and immediately disperse your funds to your credit card lenders. Consolidating your credit card debt does not hurt your credit. Initially, you cancel all of your credit cards except one. Put that away for a rainy day just in case you need it. Once you cancel those cards your credit score will temporarily drop. As you pay down your credit card debt in most cases your credit score will slowly rise and it will be marked on your credit report that you are paying your debt through a third party. Consolidating your credit card debt through a third party is not a terrible thing. The most important thing is that you’re paying the bill. It’s a short-term loss for a long-term gain and a big gain it is. credit card debt consolidation programs customarily take between three to five years to resolve. They resolve at a lower payment and a lower interest rate. Credit card consolidation stops the dunning phone calls from your creditors and allows you to pay off your credit card debt in an affordable manner. Federated Financial has been doing this for 23 years. We know our business. Give us a call, or fill out the form on our front page. It won’t take more than a minute. Contact us and put yourself on the road to Financial freedom! 23 years on the job plus an A+ rating with the BBB says we’re good at what we do!