If you have a lot of credit card debt, look into consolidating it. Borrow money at a lower interest rate, and use the loan to pay off the balances on your high-interest credit cards.
It’s a twofer: You save money on interest payments, freeing up cash to pay down your debt faster.
An online marketplace like Even Financial will search the top lenders to find the best loan for you.
Mike Brassfield (mike@thepennyhoarder.com) is a senior writer at The Penny Hoarder. He’ll be brief.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
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