Debt consolidation

A friend of mine asked me if it is a good idea to consolidate his credit card debt into one low interest monthly payment.
Truthfully I have no clue how it works with the credit card debt. Any idea about how it works and if it is really worth it?
I think his credit cards where charging him 12.99% interest.

By karo25 | 12/18/2008 11:24 AM