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 transfer checks are a way to transfer credit card balances from one issuer to another with a lower interest rate. These checks may come with fees and may not offer the same benefits as balance ...