Job cuts are rampant; people with seemingly rock-solid careers are losing their sources of income left and right.  What are people supposed to do when they learn they have lost their job?  Refusing to panic is a good first step.  Another smart step is to consolidate credit debt.  People are surprised to learn the amount of money being wasted each month when they take the time to add up the amount of interest being paid on credit card debt.  Credit counselors are available who will assist you in forming a plan to help you consolidate your debt and drastically reduce the amount of interest you are paying.