For the past few years if you ran into economic difficulty a very viable strategy would be to use the equity in your home or very low interest rate credit card balance transfers to fund your purchases. The beauty of both these methods was the fact that interest rates were incredibly low and credit limits were very high. Even if you didn’t have the best credit history you could use this method to remain current on your bills and to fund the purchase of things you need such a cars or home renovations.

With the recent tightening, home equity is now almost non-existent, credit limits are decreasing on your credit cards, and credit card interest rates are starting to spike. This means you now need to look for new strategies for credit card debt consolidation.

With this in mind, one should consider consolidating credit debt with the aid of a non profit organization like the National Foundation for Credit Counseling at www.nfcc.org. Companies like this specialize in helping consumers consolidate credit cards with lower interest rates and higher time horizons. The help you reduce your expenses and bills so that you can squash your debt forever. They encourage you to pay more than the minimum and apply the debt snowball (pay off smallest debt first and then once that one is paid off roll it into the next payment. They also teach age-old debt consolidation principles that work for the long haul. By employing their methods, you have no choice but to straighten out your debt and pay it off quickly.

So, if you’re serious about debt consolidation, try non credit card debt consolidation tips like using an experienced credit counseling agency – you’ll be glad you did.