Many people think that credit card debt consolidation requires taking out loans. In other words, they think that they have to go further into debt in order to get out of debt. While this is one option, generally speaking debt consolidation does not have to mean getting a loan. There are many other options available to you to clear your credit card debt.

The easiest and best way to get debt consolidation help is through a consumer credit counseling agency or company. These companies do not loan you money. Instead, they work as a liaison between you and your creditors and help you in settling and negotiating your bad credit card debt. Basically this means that they will lower the amount that you owe to the bank or the credit card company. 

Throughout this process, you make payments to the credit counseling agency or company. These payments are placed in a fund. Once the debts are settled for lower amounts, the credit counseling agency will use this money to pay off the debt in one lump sum. Since this payment is not made until you have paid the necessary money into the fund, you do not have to borrow any money. The agency or company will even help you with budgeting so that you can afford to set aside this amount each month. This will also help you prevent debt in the future.