Credit cards can offer attractive rewards, big welcome bonuses and are the safest way to pay in-store and online. But even with all these perks, relying on them during an emergency can leave you in unwanted credit card debt.
When you find yourself with a credit card balance you can’t pay off every month, don’t worry. There’s a company that’s helping people just like you escape the high-interest rate of their credit card debt and find an affordable way to pay it off.
Is Credit Card Debt Consolidation Right for You?
If you have multiple credit card balances with high-interest rates you may find it easier to pay them all off by consolidating them into one monthly payment. This strategy is known as credit card debt consolidation.
There are several ways to consolidate credit card debt and it can be tricky figuring out which one is right for you. That’s why it’s helpful to have a company like Fiona around to help you navigate your options.
Fiona is a free search engine helping you find the best loans, credit cards, savings accounts, and more for your unique situation. When you’re looking to pay off your credit card debt Fiona can help you find the best way to lower your interest rate and streamline your payments quickly in a few ways.
1. Credit Card Refinance
Credit card refinancing transfers your credit card debt to a balance transfer credit card that charges no interest for a promotional period, usually 12 to 18 months. This option is best for people with less than $15,000 in credit card debt who can pay off the balance transfer card in 21 months or less.
There are hundreds of balance transfer cards out there, but with just a few questions Fiona will match you with the best cards for you. And the application won’t affect your credit score. The information you give Fiona is used to do a “soft check” of your background, helping lenders pre-approve you but not impacting your score.
2. Credit Card Consolidation Loan
If you have more than $15,000 or anticipate your credit card debt repayment taking longer than 21 months, then you may save more money consolidating your credit card debt with a personal loan.
Instead of applying at a bunch of individual lenders and hoping there’s nothing better out there, Fiona has relationships with dozens of lenders and with a short application, shows you the best loans for you in real-time. If you have a credit score of 620 or above, you can be pre-approved for a loan up to $100,000 with no collateral needed.
Getting out of debt is hard but finding the right credit card consolidation loan doesn’t have to be. Instead of wasting precious time and energy trying to do everything yourself, check out Fiona to make the process simpler and save more money.
Eliminated high-interest credit card debt with a personal loan – save with a lower rate!
