If you’re having trouble with credit card debt, consolidation could be the way out.
Since credit cards tend to have high interest rates, getting rid of credit card debt can be expensive. A popular way to pay it off more efficiently is debt consolidation.
Here are the two most common ways to consolidate credit card debt:
- Apply for a balance transfer card. The best balance transfer cards offer an introductory 0% APR on balances you transfer over. These cards typically require a good credit score for approval.
- Apply for a debt consolidation loan. This is a loan intended for paying off other debt. Although you can get a lower interest rate with good credit, there are debt consolidation loans for consumers in every credit score range.
De…
Read the full article at: https://www.fool.com/the-ascent/credit-cards/articles/3-signs-you-should-consolidate-your-credit-card-debt/
