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Is Credit Card Debt Eating You Alive? Here’s What You Should Know About Debt Consolidation

credit card debt consolidation personal loan

Peter Lin

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Being smart about your personal finances isn’t just about being cheap. Unless it’s for health purposes or Pokemon Go, there’s no reason for you to walk 5 kilometers just so that you can save on “affordable” bus fare. So we’re great believers of using your credit card to maximise your benefits, whether it be air miles, cashback rebates or rewards points.

But, if we’re not careful, we could be on the road to credit card debt. And getting into debt is definitely not being smart. Because of high credit card interest rates, leaving large outstanding balances on your credit card account will lead to large amounts of interest. Here’s an easy infographic to help you understand the dangers, and what you can do about your credit card debt.

personal loan credit card debt consolidation infographic

Do you need a debt consolidation loan? We help you compare the lowest interest rates for personal loans.

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Peter Lin

I am the poster boy for reinventing one's self. I've been a broadcast journalist, technical writer, banking customer service officer and a Catholic friar. My life experiences have made me the most cynical idealist you'll ever meet, which is why I'm also the co-founder of a local pop culture website. I believe ignorance is not bliss, and that money is the root of all evil only if you allow it to be.