Finance Credit Debt

Just created a website on the topic of finance credit debt. At first, I have difficulty trying to understand this term. Then I realise it is about getting financial resources to settle debt - getting additional credit line to finance the exisiting debt. Usually that will mean getting a low interest loan to pay the higher interest debt. It could be a home equity loan, consolidation loan or a lower interest rate credit card.

To me, it is not exactly solving the problem. At best, the problem becomes smaller - less amount of interest to be paid. The way to solve the problem is to find more money to pay off the loan. It is much more difficult than it sounds. So people turn to finance credit debt - apparently an easier "solution".