What are effective methods for consolidating credit card debt?

Credit card debt can quickly become unmanageable due to high interest rates and multiple balances across various cards. Debt consolidation has emerged as a popular strategy to simplify repayments and potentially lower costs. Effective methods include personal loans, which can offer lower interest rates, balance transfer cards with introductory 0% APRs, and home equity loans, which leverage home value for better rates. For those unable to qualify for loans, debt management plans through credit counseling can provide an alternative solution.

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