Say Goodbye to Debt: Ways To Pay Off Credit Card Debt 

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Since the pandemic, strong consumer spending has resulted in surging debt levels, especially on credit cards, and if left unpaid, become quite toxic to your finances.

Methods for Paying Off Credit Card Debt

Consumers would combine all their credit card debt with varying due dates and interest rates for a single large loan or one line of credit to reduce their monthly payments.

1. Debt Consolidation

Refinancing your mortgage is advantageous when interest rates decline, as your new mortgage replaces your existing mortgage with a lower monthly payment on  your home.

2. Refinancing Your Mortgage

You use your home as collateral to secure a loan at lower interest rates to pay off higher-interest credit card debt.

3. Tapping Your Home Equity

A zero-balance transfer credit card gives you a fresh start to pay off credit card debt over an extended period.

4. A Zero-Balance Transfer Credit Card

A personal loan is a popular way to consolidate your higher-cost credit card debt into a personal loan at lower interest rates based on your income, credit score, a nd history.

5. Personal Loan

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