Consolidating debt information

Consolidating debt information

If you’re not sure of the best way to address your debt, a credit counselor can help you explore your options.

You can also reach out to your individual creditors to see if they will agree to lower your payments.

If you want to avoid interest on purchases after you make a balance transfer, you should plan to use a different card for those purchases.

Taking out a debt consolidation loan Many banks, credit unions, and installment loan lenders offer these loans which collect all of your debts into one loan payment.

Make sure you understand exactly when the low-rate on your balance transfer will end.

Comments