Consolidating your loans may not be enough to keep you on track to long-term financial stability. It can be the convenience of a credit card that makes it easy to go off track and once again start accruing more debts than you can manage. In some cases, the best financial decision may be to put a cap on your credit card usage to prevent falling into the same trap over and over again.
Whether this means reducing your credit limit or cancelling your card altogether is up to you.
