Education First Federal Credit Union The VaultGo to The Vault

Your access to lifestyle content, community information, and financial tips

woman looking at laptop screen
balance, card, consolidation, credit, debt, transfer

Debt Consolidation Loan v. Balance Transfer

We’re all looking for the least expensive way to pay down high interest credit card debt. There are several options to consider and if you have a decent credit score you’ll have even more options available to you.

credit cards and credit card bills
balance, card, consolidation, credit, debt, debt consolidation, elimination, loan, management, transfer

5 Ways to Consolidate Credit Card Debt

Credit card debt consolidation takes multiple credit card balances and combines them into one monthly payment.  You can reduce interest costs, make your payments more manageable or shorten the payoff period.