It is now possibele to opt for credit card debt consolidation funding from financial institutions in clearing your credit card debt. The process works by transfering your current outstanding balance on your credit card and structuring it with new terms and conditions. It is beneficial for individuals because it provides for lesser interest rate and easy management of the debt. An interesting aspect of this option is the benefits that accrue by way of reduced interest rates that are offerred by the institution. Credit card debt consolidation agencies will negotiate on your behalf in getting you the best payment options in clearing your debt.