Three common ways to consolidate your credit card debt.
CREDIT CARD BALANCE TRANSFER
Moving your debt from one credit card to a lower interest rate credit card is best for people who can pay off their entire balance within the introductory period.
HOME EQUITY LOANS
Only available if you own a home. Home equity lines of credit (HELOC) can help you consolidate your debt but require you have substantial equity in your home. In addition, converting unsecured credit card debt and converting it into a loan that is secured to your home is risky.
UNSECURED PERSONAL LOAN
Best for those who get approved. A personal loan is one of the quickest ways to consolidate credit card debt. It’s unsecured and for many borrowers, their best option.
