Tip of the Week

Tip Seventeen

August 23, 2011

Pay off credit card balances.
Even if you carry a small credit card balance, look for ways to increase your monthly payments to pay it off faster. If you can't, consider taking out a personal loan to pay off the debt. Personal loans tend to have lower rates than credit cards, thus reducing the amount of interest you'd pay. You could allocate that savings towards paying your loan off faster or increasing your savings.

For more information on paying off debt, read Ways To Pay Off Credit Card Debt.

Learn more about Tip of the Week.

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