When my husband and I were just starting with our married life, we had several credit card loans that has over 12% interest. What we did was, we applied for a consolidation loan from a bank. I was glad because we were given a low interest loan and the monthly payment was low. We also saved some money because we paid it off quicker than we expected.
You can stimulate your won economy these days through the government help with credit card bills that are granted to the banks and other lending institution. Because of the difficult economic situation, banks are forced to offer more debt consolidation to help out consumers who are having a hard time making ends meet.
I can still remember when we had four or five credit card debts, we were living paycheck to paycheck and it was really hard to allocate the money every month. I am glad that we only have one left now plus our home loan, so I think we will be alright with my husband's pension pay.
If you guys have multiple credit cards with high interest, debt consolidation might be the best solution for you. Check out 3debtconsolidation.com because they have valuable information and options on how to stimulate your own economy.