Is it better to manage a credit card debt by a new card (balance transfer) or personal loan?


I have occurred some debt, unfortunately, and I am considering to get a new card with balance transfer or cover it via a normal loan.

What do you think / which CC will be the best for this approach?


### Please note for anyone responding to keep any advice general as we are not allowed to provide personal financial advice as this is against the license to operate of the website.

Balance transfer in general may yield a lower interest rate (cost) to you. Be careful and read any fine print closely as some interest fee balance transfer do hit you with some charges.

If you have a home loan or other existing lower interest rate loans, might be better to consolidate your debt to a lower interest rate loan.

All the best, mate.

1 Like is your friend