Looking to erase debt fast? Here's when to use a balance transfer or a personal loan to save the most money possible.

A personal loan is another viable debt payoff option. Personal loans give you a lump sum of money upfront which you can use ...

How to transfer a credit card balance in 5 steps Imagine you have $5,000, $10,000, or any other amount in credit card debt, and your current card charges a high variable APR. Moving that debt to a ...

Total household debt in the U.S. increased by $185 billion in the second quarter to reach $18.39 trillion, according to a New ...

Transferring your balance to a new card can be beneficial in terms of saving on interest payments while you work toward reducing your debt. However, it's important to consider a few key factors ...

This debt relief strategy can be worth considering, but you'll want to know the potential savings before enrolling.

Many credit card issuers offer promotional balance transfer rates, often as low as 0% APR for a limited time, as an incentive for new customers. Here's when a balance transfer does and doesn't ...

3. Making a late payment on the new card When agreeing to a balance transfer card, you are also consenting to the issuer’s terms and conditions.

You borrow money, then you pay it back. If you don’t pay all the charges in full when your bill is due, interest starts to ...

For example, one bank may limit your transfer to 95% of the available credit on your new card, or a dollar amount of $30,000. Balance transfer fees may also be included in this limit.

Balance transfer credit cards with 0 percent intro APR periods are among the most powerful tools available to consumers saddled with high-interest debt. With these cards, you can shift debt that ...