Consolidate credit card debt, urges Choice

Australians struggling with credit card repayments should look to consolidate their debts into the best account for their circumstances, it has been suggested.

Ingrid Just, spokeswoman for consumer advocate group Choice, urged people with large amounts of credit card debt to work out their monthly spend and consolidate into their most suitable account, rather than getting a new card to pay off others.

The advice comes after The Sunday Telegraph reported earlier this month that Australians now collectively owe a record $49 billion on credit cards.

Speaking to the Herald Sun, Ms Just suggested that debt-burdened consumers should look to compare credit cards in search of better rates and deals.

"By shopping around for a credit card that works best for you, you can save up to $440 a year," she said.

Elsewhere, Ms Just advised people to be wary of loyalty programs and to make sure they pay the interest off on their cards at the least each month.

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