There are many reasons why it could be worth consolidating your credit card debt this June. Here are three to know.

Dealing with overwhelming, high-rate credit card debt? Here's why you might want to seek debt forgiveness this June.

Raising or lowering the federal funds rate -- the overnight interest rate between banks -- creates a domino effect. Credit card issuers often follow the Fed's lead, increasing or decreasing their APRs ...

Many card issuers now use the prime rate as a starting point to determine credit-card APRs. The prime rate is generally the Fed's benchmark rate, plus another 3 percentage points. Card issuers ...

The Fed, aiming to tamp down on historically high ... funds rate and prime rate results in an increase in your card's APR. Now is a good time to transfer your credit card debt to a balance ...

But when the Fed started slashing interest rates ... according to Bankrate. Now, the average interest rate on a store card is at an all-time high just ahead of the holiday shopping season ...

Consumers now are carrying $1.17 trillion in outstanding credit card balances, up 8.1% from a year ago, according to research released in November by the Federal Reserve Bank of New York.

The Fed's rate policies affect the costs of mortgages, auto loans, credit card rates and other forms ... something that Powell stressed on Wednesday. "Now we have today's inflation reading ...

But when the Fed started slashing interest rates ... according to Bankrate. Now, the average interest rate on a store card is at an all-time high just ahead of the holiday shopping season ...