{"id":237687,"date":"2025-11-03T20:00:46","date_gmt":"2025-11-03T20:00:46","guid":{"rendered":"https:\/\/evertise.net\/?p=127674"},"modified":"2025-11-03T20:00:46","modified_gmt":"2025-11-03T20:00:46","slug":"4-top-ways-to-consolidate-credit-card-balances","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2025\/11\/03\/4-top-ways-to-consolidate-credit-card-balances\/","title":{"rendered":"4 Top Ways to Consolidate Credit Card Balances"},"content":{"rendered":"

If\u00a0you\u2019re\u00a0dealing with\u00a0big\u00a0credit card\u00a0balances, you\u00a0don\u2019t\u00a0need a financial expert to tell you\u00a0it can be\u00a0overwhelming. But with the right advice, you can develop a plan to get\u00a0on top of your credit card bills\u00a0and start pursuing other financial goals.\u202f<\/span>\u00a0<\/span><\/p>\n

While the suggestions in this article\u00a0may all help you\u00a0consolidate\u00a0your debt, you should consult a financial advisor to find a solution\u00a0that\u2019s\u00a0best for your situation.\u00a0<\/span>\u00a0<\/span><\/p>\n

Credit card\u00a0balance transfer<\/span>\u00a0<\/span><\/h3>\n

Sometimes the problem\u00a0isn\u2019t\u00a0the\u00a0amount of\u00a0debt\u00a0you have\u00a0so much as it is the\u00a0number of payments you have to keep up with.\u00a0A\u00a0<\/span>credit card balance transfer<\/span><\/a>\u00a0allows you to move\u00a0balances\u00a0from\u00a0one or more\u00a0credit cards onto\u00a0one new\u00a0credit card\u00a0with a lower interest rate. This way, you only\u00a0have to\u00a0worry about one monthly payment.\u202f<\/span>\u00a0<\/span><\/p>\n

Ideally, you want to find a balance transfer credit card that offers a\u00a0promotional\u00a0low or 0% interest rate\u00a0for a certain\u00a0period of time.\u00a0If you can pay off your entire balance during the\u00a0promotional\u00a0period, you\u00a0could\u00a0minimize interest\u00a0charges\u00a0as well as\u00a0the number of bills you need to\u00a0keep track of\u00a0every month.<\/span>\u00a0<\/span><\/p>\n

Debt consolidation loans<\/span>\u00a0<\/span><\/h3>\n

If your\u00a0monthly debt repayments are more than you can manage, you might consider\u00a0a debt consolidation loan, which rolls multiple debt balances into a single loan\u00a0with one monthly payment.\u00a0<\/span>\u00a0<\/span><\/p>\n

Debt consolidation loans may offer lower interest rates or longer repayment terms than your other debts. With a lower interest rate and longer repayment\u00a0term, you could have smaller monthly payments, creating more room in your budget for other expenses.<\/span>\u00a0<\/span><\/p>\n

Debt management plans<\/span>\u00a0<\/span><\/h3>\n

A debt management plan (DMP) is a financial service that some credit counsellors offer.\u00a0It\u2019s\u00a0another way\u00a0to\u00a0consolidate\u00a0your debt into one affordable monthly payment.\u202f<\/span>\u00a0<\/span><\/p>\n

With a DMP, your counsellor will reach out to your creditors on your behalf to negotiate your repayment terms.\u00a0While\u00a0you\u2019ll\u00a0have to pay 100% of your debt, your counsellor can ask to reduce or remove your interest rate or\u00a0fees, or\u00a0extend the time you\u00a0have to\u00a0pay.\u202f<\/span>\u00a0<\/span><\/p>\n

Your creditors\u00a0aren\u2019t\u00a0obligated\u00a0to accept the DMP, but if they do,\u00a0you\u2019ll\u00a0make regular payments to your credit counsellor, who will pay your creditors according to the plan.<\/span><\/p>\n

Home\u00a0equity loans or lines of credit<\/span>\u00a0<\/span><\/h3>\n

Another way to\u00a0consolidate\u00a0a significant amount of\u00a0debt is with a home equity loan or home equity line of credit (HELOC). Both use\u00a0the equity\u00a0in your\u00a0home, but\u00a0work differently.\u202f<\/span>\u00a0<\/span><\/p>\n

With a home equity loan,\u00a0you\u2019re\u00a0given a lump sum payment, which can be up to 80% of your home\u2019s value.\u00a0You\u2019re\u00a0charged interest on the total amount, and once you pay off your loan, you can borrow again.\u202f<\/span>\u00a0<\/span><\/p>\n

A HELOC works like a credit card. You can borrow money\u00a0as you need it, up to the credit limit, pay it back, and then\u00a0borrow\u00a0again. With\u00a0a HELOC, you can borrow up to 65% of your home\u2019s value.<\/span><\/p>\n

You can use your equity loan or HELOC to pay off your debts, then repay the home equity loan or HELOC, usually at a much lower interest rate.\u202f<\/span>\u00a0<\/span><\/p>\n

What\u2019s\u00a0the best debt consolidation\u00a0option\u00a0for you?<\/span>\u00a0<\/span><\/h3>\n

Using\u00a0a\u00a0credit\u00a0card balance transfer,\u00a0a\u00a0debt\u00a0consolidation loan,\u00a0a\u00a0DMP\u00a0or the equity in your home are just a few ways to\u00a0get on top of large credit card balances. If\u00a0you\u2019re\u00a0struggling with debt and\u00a0don\u2019t\u00a0know the best way forward, consult a financial expert who can evaluate your financial situation and help you find the best debt solution for your needs.<\/span>\u00a0<\/span><\/p>\n

Media Contact Information<\/strong><\/h3>\n

Name: Sonakshi Murze<\/p>\n

Job Title: Manager<\/p>\n

Email: sonakshi.murze@iquanti.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If\u00a0you\u2019re\u00a0dealing with\u00a0big\u00a0credit card\u00a0balances, you\u00a0don\u2019t\u00a0need a financial expert to tell you\u00a0it can be\u00a0overwhelming. But with the right advice, you can develop a plan to get\u00a0on top of your credit card bills\u00a0and start pursuing other financial goals.\u202f\u00a0 While the suggestions in this article\u00a0may all help you\u00a0consolidate\u00a0your debt, you should consult a financial advisor to find a solution\u00a0that\u2019s\u00a0best [\u2026] Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":271,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[719,390,385,391,57,717,20,387,388],"tags":[],"class_list":["post-237687","post","type-post","status-publish","format-standard","hentry","category-ca","category-dj","category-gomedia","category-internal","category-ips","category-maple-media","category-press-release","category-si","category-vm"],"yoast_head":"\n4 Top Ways to Consolidate Credit Card Balances - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2025\/11\/03\/4-top-ways-to-consolidate-credit-card-balances\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 Top Ways to Consolidate Credit Card Balances - Business\" \/>\n<meta property=\"og:description\" content=\"If\u00a0you\u2019re\u00a0dealing with\u00a0big\u00a0credit card\u00a0balances, you\u00a0don\u2019t\u00a0need a financial expert to tell you\u00a0it can be\u00a0overwhelming. But with the right advice, you can develop a plan to get\u00a0on top of your credit card bills\u00a0and start pursuing other financial goals.\u202f\u00a0 While the suggestions in this article\u00a0may all help you\u00a0consolidate\u00a0your debt, you should consult a financial advisor to find a solution\u00a0that\u2019s\u00a0best [\u2026] Continue Reading →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ipsnews.net\/business\/2025\/11\/03\/4-top-ways-to-consolidate-credit-card-balances\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-03T20:00:46+00:00\" \/>\n<meta name=\"author\" content=\"Evertise\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Evertise\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ipsnews.net\/business\/2025\/11\/03\/4-top-ways-to-consolidate-credit-card-balances\/\",\"url\":\"https:\/\/ipsnews.net\/business\/2025\/11\/03\/4-top-ways-to-consolidate-credit-card-balances\/\",\"name\":\"4 Top Ways to Consolidate Credit Card Balances - Business\",\"isPartOf\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#website\"},\"datePublished\":\"2025-11-03T20:00:46+00:00\",\"author\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/02176def5777c27b30102772b94615ca\"},\"breadcrumb\":{\"@id\":\"https:\/\/ipsnews.net\/business\/2025\/11\/03\/4-top-ways-to-consolidate-credit-card-balances\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ipsnews.net\/business\/2025\/11\/03\/4-top-ways-to-consolidate-credit-card-balances\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ipsnews.net\/business\/2025\/11\/03\/4-top-ways-to-consolidate-credit-card-balances\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ipsnews.net\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"4 Top Ways to Consolidate Credit Card Balances\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ipsnews.net\/business\/#website\",\"url\":\"https:\/\/ipsnews.net\/business\/\",\"name\":\"Business\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ipsnews.net\/business\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/02176def5777c27b30102772b94615ca\",\"name\":\"Evertise\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d79ec50bebdc68a4ebc6cfc341e0920ba7b507bde39945491ca6dec05d097ed7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d79ec50bebdc68a4ebc6cfc341e0920ba7b507bde39945491ca6dec05d097ed7?s=96&d=mm&r=g\",\"caption\":\"Evertise\"},\"sameAs\":[\"http:\/\/evertise.net\"],\"url\":\"https:\/\/ipsnews.net\/business\/author\/evertise\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"4 Top Ways to Consolidate Credit Card Balances - Business","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ipsnews.net\/business\/2025\/11\/03\/4-top-ways-to-consolidate-credit-card-balances\/","og_locale":"en_US","og_type":"article","og_title":"4 Top Ways to Consolidate Credit Card Balances - Business","og_description":"If\u00a0you\u2019re\u00a0dealing with\u00a0big\u00a0credit card\u00a0balances, you\u00a0don\u2019t\u00a0need a financial expert to tell you\u00a0it can be\u00a0overwhelming. 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