Consider a balance transfer
“Transferring a balance to a low-interest or zero-interest card can help a motivated person pay off the debt,” says Freddie Huynh, vice president of credit risk analytics with Freedom Financial Network. “The key is to be committed to eliminating the debt, not just getting a new card and racking up more purchases.”
Huynh also warns against shuffling debt around too often, which can spook your creditors. “Avoid moving balances around from card to card, as this can signal creditors of potential financial problems.”
