If you have debts with a high-interest rate, a balance transfer might be a good option and even offer perks such as 0% APR and rewards programs. Ensure you consider the balance transfer fees, and pay down the entire transferred balance during the introductory period if possible.
If you have high balances on multiple credit cards, it can make sense to use a debt consolidation loan. These loans combine several high-interest debts into one personal loan, ideally with a lower interest rate than your current debts.
Music geek. Coffeeaholic. Travel advocate. Social media maven. Certified tv guru.
FROM THE ARTICLE
MORE LIKE THIS
How to Save Money - 8 Simple Ways to Start Saving Money