How to consolidate credit card debt without damaging your credit score

Credit card debt has become a significant challenge for many as interest rates rise and household debt increases. Debt consolidation, which combines multiple credit card balances into a single payment, can simplify finances and potentially lower interest costs. Options include balance transfer credit cards, personal loans, and home equity loans or lines of credit, each with different effects on credit scores. Borrowers should carefully consider their financial situation and choose the consolidation method that best suits their needs.

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