If you’re paying interest on your balances, there are options available to move your balance or reduce the interest you’re paying.

Personal loans: loans often have lower interest rates than cards so taking out a loan to pay off your balances can work out cheaper. Loans also often have one monthly repayment, so you know exactly how much it’ll cost you each month.

Balance Transfer cards: you can stop paying interest on credit card balances by moving them to an interest-free card. This allows you to clear the balance without any added interest until the offer ends. For further information on how this works, check out our FAQ here.