if you do keep spending your situation will get worse, rather than better.
You can also consolidate your credit card debt by taking out a personal or consolidation loan to pay off your credit card balances.
If the minimum monthly repayment amount is as low as 2% of the card balance, the interest can often exceed the amount owed.
This means that simply making the minimum repayments will never be enough to pay off the credit card debt in full.
However, these offers are usually for a limited time period so it's important to look closely at the details and make sure you won't be paying more than you need to once the offer expires, making you worse off.Using a personal loan to consolidate credit card debt is one option for streamlining your debt repayment.However, it’s not right for everyone, so let’s look at how it works and whether it would work for you.Many credit cards providers offer introductory interest-free periods as a way to entice new customers.Some offer long 0% interest rates, with the longest balance transfer deals lasting over two years.