Credit card consolidation means combining multiple high-interest balances into a single loan or card with a lower interest rate, simplifying payments and reducing total interest paid.

Best Ways to Consolidate Credit Card Debt

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MIN. CREDIT
300
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The most popular methods include balance transfer credit cards (often 0% intro APR), personal loans, home equity loans, and debt management plans through nonprofit credit counseling agencies.

Frequently Asked Questions

Does consolidating credit card debt hurt your credit?

A hard inquiry may cause a small temporary dip, but consolidation typically improves your score over time by reducing utilization and establishing on-time payment history.