How to pay off credit card debt
Getty Images
Credit card debt is stressful and costly. The good news? Like thousands of others have before you, you can get out of it though there is no one-size-fits-all answer as for the best way to accomplish reaching a $0 balance, pros say. Here are six options for getting out of credit card debt, and the pros and cons of each below:
- Pay off the account with the lowest balance first, while continuing to pay the minimums on all other accounts.
- Pay off highest interest debts first, while making the minimum payments on the rest.
- Do a balance transfer to a 0% APR card and aggressively pay that down.
- Take advantage of debt consolidation, using something like a personal loan, which could offer a…
Read the full article at: https://www.marketwatch.com/picks/6-proven-strategies-to-pay-off-credit-card-debt-faster-in-2023-01672138324