Four Good Reasons to Consolidate Your Credit Card Debt

Credit cards
Credit cards

Black Friday often leaves shoppers in the red. And with the holiday shopping season in full swing, 'tis the season not just to buy presents but to contemplate whether you should consolidate all of that credit card debt in order to save yourself some money.

The primary reason for trying to get out of the debt trap is pretty obvious: Being in debt is stressful and no fun. And consolidating what you've accumulated on plastic is certainly a valid path toward the light. In fact, as Brian McDowell, investment adviser and chief investment officer for the FBR Wealth Management Group, observes, there are four good reasons consumers should think about consolidating their credit card debt.