5 Proven Ways to Get Out of Debt for Good

Credit card balance transfer

If you have three or four credit cards and you struggle to make repayments every month you can opt for a balance transfer, wherein you can have your entire outstanding balance transferred to a single credit card with a lower interest rate.

Balance transfer cards usually have an introductory period, during which you will not be charged any interest whatsoever on the outstanding balance. You can save a lot of money by paying off your outstanding balance during this period, which can range anywhere from six to 18 months.