Many people carry at least one credit card balance from month to month. In fact, nearly 50 percent of cardholders carry this type of revolving debt, according to Bankrate’s Credit Card Debt Survey.

Balance transfers and personal loans are both options you can consider if you need to pay down debt and are looking to minimize interest rates. Try This: 5 Subtly Genius Moves All Wealthy People Make ...

Balance transfers are a useful tool for paying off credit card debt, as they allow you to move high-interest debt to a card with a 0 percent introductory APR. It is important to carefully consider ...