The holiday buying season is over and you're probably facing a stack of credit card bills from your generous Christmas shopping sprees. And then there were the after Christmas sales, the President Day's sales and of course Spring clothes shopping. You can rack up quite a balance. As much as you might like, those bills won't mysteriously disappear.

Paying only the minimum payment on each credit card will take you years to pay off the debt and you might end up paying three, four, or even five times as much in interest as the merchandise you bought. If you're having trouble stretching your budget to make even the minimum payments then you need to take action.

Look at your budget and see which items you can cut. Do you stop for a coffee drink every day on the way to work? Those double cafe lattes can add up at nearly $5.00 a pop. That's an extra $150.00 you can put toward debt payments. Go through all your expenses and see which you can give up. But if even that isn't enough you might consider Debt Consolidation Loans

A debt consolidation loan is bundling all your debts together, negotiating with the credit card companies, utility companies, medical providers and other debt holders for a new interest rate and payment plan. The resulting payment can be less, sometimes much less than your original payments. However the loan may go on longer than the original debts, so keep that in mind.

If you don't own your home, or don't want to use it as security for a debt consolidation loan there are Unsecured Debt Consolidation Loans You won't have to use your home as collateral.

Don't ignore your debt problems they won't just go away.