Paying Down Credit Cards

Transfer your credit card debt to a balance transfer card or personal loan with a lower interest rate — allowing you to focus on just one monthly payment. The best way to pay off credit card debt depends on your personal situation. As you start this journey, consider three popular strategies.

A number of financial and credit experts believe that paying off the smallest debt first is the best way for consumers to pay down their credit card debt. Here’s a look at some research...

Paying Down Credit Cards - Find out how long it will take you to pay off your credit card balance. Use Forbes Advisor’s credit card payoff calculator to meet your credit card payment goals.

The best method for paying down your credit card debt depends on the amount of debt you have, your total savings, your financial habits and your spending preferences.

Focus on high credit utilization: You could also focus on paying down your credit cards with the highest credit utilization — the highest percentage of the credit limit being used. Credit...

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