Finance Shopper

Credit Card Debt

If you have a high number of credit card purchases outstanding, you may be paying much higher in interest charges than you need to. The first thing you could do is apply for a credit card which has a 0% APR introductory period for credit transfers. This will give you time to think, and you will benefit from not having interest accumulating on your debt during this time.

Next, you need to think how you are going to repay your credit card debt. When the 0% introductory period finished on your new card, you could always switch to another card to give yourself a bit more interest-free time! Alternatively you could look into a loan with a low APR onto which to transfer your debt whilst you repay it.

Make sure that you get proper financial advice if things are getting out of hand, and shop around for the best deals.