Transfer a Balance If you have a credit card with a high interest rate, you may want to consider a balance transfer. The Fastest Method to Eliminate Credit Card Debt This post contains references to products from our advertisers.Please visit our Advertiser Disclosure to view our partners, and for additional details. We may receive compensation when you click on links to those products.Paying off the highest interest card first is the fastest way to eliminate your credit card debt and reduce your monthly interest fees.You can use the loan to pay off all of your credit cards at once and then focus on paying one larger loan payment per month consolodating credit card debt.You may be eligible for a 0% promo rate, which will provide you with more time to pay off the balance and allow you to focus on other high interest rate cards.
This will result in paying off debt at a much faster speed and can also help boost your credit score.
In fact, research has shown that consumers are willing to pay twice as much for an item when they are paying with a credit card as opposed to cash.
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Don t Use Your Cards The easiest and fastest way to eliminate credit card debt is to stop using your credit cards.
It ll also mean that you re spending less in interest fees, so more money will be going towards the principal owed.