What is Credit Card Refinancing?
Credit card refinancing is when credit card debt is consolidated into one easy payment. Refinance credit card debt by transferring the balances of several credit cards to another credit card, or by securing a Best Egg personal loan to help save interest on monthly payments.
Credit card refinancing may help to get you on the road to financial freedom
Learn how you can refinance credit card debt, improve your credit score and save money with a fixed rate personal loan. If you’re continually making the minimum monthly payments on your high-interest credit cards, it could be years (and thousands of dollars in interest) before your balance is paid off. At Best Egg, we believe there’s a simpler way to manage your finances.
Fixed APR from 5.99%-29.99%*
Research your options without impacting your credit score
Pay back options with clear terms
How Does Credit Card Refinancing Work?
- If a personal loan is how you will refinance credit card debt, then there are a few steps that you may take to obtain a loan.
- Get a credit card refinancing loan by first assessing your current debts to find out how much money you will need to borrow.
- Calculate your current interest payments to estimate how much you may save by consolidating your credit card debt with a personal loan.
Tips for Refinancing Credit Card Debt
- You can obtain your free annual credit report from each of the three major reporting agencies – Trans Union, Equifax, and Experian and review these reports for accuracy before applying for a credit card refinancing loan.
- Shop around! There are many companies out there offering loans to refinance credit card debt. Read customer reviews to determine if the company is the right fit for your needs.
- Check your rate with companies like Best Egg that do a soft-pull credit inquiry. Applying for a credit card refinancing loan may not impact your credit score.
- Once you find the offer that best suits your needs, accept it and enjoy your path to financial freedom!
Refinance Credit Card Debt with a Personal Loan
Refinance credit card debt today with a Best Egg personal loan! Best Egg personal loans range from $2,000 to $35,000 with Annual Percentage Rates (APRs) ranging from 5.99% to 29.99%* and for qualified applicants, there are terms to help pay your loan off quicker or make fixed monthly payments more manageable*. So you’ll always know exactly how much you owe–and exactly when you’ll be debt free, which could save you valuable time and money.
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Let’s be honest. No one wants to talk about this stuff. Talking about debt isn’t fun, and money isn’t easy.
We don’t believe you need to be the next debt consolidation savant to just be able to live your life.
Applying for a Best Egg Personal Loan is easy
Subject to loan approval and verifications, your money could be deposited into your bank account in as little as one business day. You can relieve the burden of credit card debt sooner and get back on track in no time.