Home equity loans and HELOCs have lower interest rates than credit cards, encouraging some homeowners to use them to pay off their bills.

High-interest debt can lead to financial strain and increased stress.

These challenges are why many people consider consolidating their credit card debt with a personal loan. When to use a ...

Most credit card issuers will let you choose your payment due date. Here are some good reasons to make a change.

Paying down chunks of high-interest debt can give more financial ... apply that money for the most impact," he says. Paying off credit card debt would certainly qualify as a "need," but you ...

Because credit ... a card. Paying less than the entire balance before a statement due date means you’ll carry any remaining balance. Interest will accrue on a carried balance. If you pay off ...

SimpleImages / Getty Images Drowning in credit card bills can feel overwhelming with no way out, and you may be tempted to use your retirement savings to pay down your debt. However, using money ...

to pay off your debt, and you'll incur $794 in interest charges. That's almost like paying your original balance twice. Low interest credit cards are a great way to avoid high interest charges if ...

And until the Fed makes more significant rate cuts, you’re probably going to be stuck paying a lot of interest on your credit card. The Fed is specifically trying to get annual inflation down to 2%.

You just found out that you’re getting a tax refund and are considering using it to make a lump-sum payment toward your ...

A Reddit user is considering taking money out of his 401(k) to pay off his credit cards. His cards are at 24% interest, which is a very high rate. If he withdrew funds from his 401(k), he could be ...

But it only makes sense if you’re certain you can pay off your entire balance. With the high APRs on credit cards, interest charges can quickly wipe out any earned rewards if you carry a balance.