Consolidating my credit cards
As a result, when you overcharge or rely too much on credit, your bills can get out of control and start to take over your budget.You pay more and more, but never seem to get anywhere.In some cases, this means you must pay the whole balance off every month (like with American Express cards); these are known as charge cards.In most other cases with general-purpose credit cards like Visa and Master Card, you pay a percentage of balance owed.There are a few ways you can do this, including a balance transfer, a debt consolidation loan, a personal loan or a peer-to-peer loan.
Credit card debt consolidation could be the answer you need.
If the interest rate is any higher, you won’t get the benefits you need to pay off the debt quickly.
Here is how each of these solutions work: With balance transfers, you move the balances from your existing credit cards to a new balance transfer credit card.
Credit cards, while convenient, make it easy to get into and stay in debt.
If you have debt across multiple credit cards that you’re repaying, you may be able to reduce the interest and fees you’re paying by consolidating them into one account.