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According to the study made by Equifax, the credit reporting agency, US have a huge credit card debt that comprises $790 billion. There is a rating of top 10 cities of the US with the largest credit card debt

Though, the declining rate of credit card debt has its dark side. TransUnion performed data proving that people just started to blow off their mortgages and pay the credit card bills instead. This happens due to the fact that consumers don't want to lose the access to their credit cards as it is important for people on the financial brink. Moreover, some issuers who write off or sell balances which have defaulted in order to reduce credit card debt.

Many consumers turn at credit card debt consolidation through the balance transfer, though, some still choose traditional debt consolidation.

Here are a few tips to keep your debt under control and ways to speed up the process of reducing your debt load.