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Balance Transfer vs. Debt Consolidation Loan: Which Is Right for You?

7 min read

Last Updated: November 11, 2025

Key Takeaways

Balance transfers move one or more high-interest debts to a credit card with a lower interest rate.
Debt consolidation loans combine one or more debts into a single loan with one monthly payment.
Both balance transfers and debt consolidation loans may help you pay off debt faster or reduce your minimum payment.

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