Credit cards usually have the highest interest rate compared to other types of loan. This makes it the most expensive way of borrowing money. Most people can easily apply for and receive a credit card over the telephone or on the Internet, and while many offer deals on balance transfers or low introductory interest rates, these usually run out within a few months.
For further information visit Disadvantages of Credit Cards.
Debt Consolidation Explained contains general information only. We strongly advise you to seek qualified professional advice before taking any action.