So it's important to shop carefully and understand rates, terms and fees, he says.
Advantages: It's unsecured, meaning there are no assets at risk.
Check out our calculator to see how much debt consolidation would cost you.
Photo Alto/Frederic Cirou/Photo Alto Agency RF Collections/Getty Images Using 1 credit card as the repository for all your card debt is fighting fire with fire.
And, whether you request a credit-line increase or apply for a brand-new credit card, the issuer will pull your credit history, which can lower your score, Mc Clary says.