 TITLE: How to Consolidate Your Credit Card Debt CONTENT: Look Into Strategies to Pay Off Credit Card Debt\n------------------------------------------------\nOne alternative to consolidating your credit card debt is to employ the debt snowball or debt avalanche method to more quickly pay down your balances.\nWith the debt snowball method, you target the card with the lowest balance and make extra payments toward that account, while paying just the minimum on all other cards. Once you've paid off that balance, move on to the next-lowest balance and add what you were paying on the first card to pay it off even faster—hence the \"snowball\" effect. You'll continue this practice until you've paid off all of your credit card balances.\nThe debt avalanche method works similarly to the debt snowball method. The only difference is that you'll focus on the cards with the highest interest rates first instead of the lowest balances.\nThe debt snowball method may be a better option if you're struggling to get motivated to pay off your debt. Paying off small balances quickly can give you small wins early, making it easier to build momentum. The debt avalanche method, on the other hand, can save you more money because you're getting rid of debts with higher interest first.\nDepending on your debt situation, though, the difference in savings may not be large. Use a debt snowball calculator to determine which is the better option for you. END