Consolidating credit card debt without hurting your credit

For your credit utilization ratio to have a good effect on your credit score, it needs to be within the 1%-30% range.

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Credit cards, while convenient, make it easy to get into and stay in debt.

If you have debt across multiple credit cards that you’re repaying, you may be able to reduce the interest and fees you’re paying by consolidating them into one account.

Or maybe you’re struggling with a compulsive shopping problem, so paying down debt will likely result in you accumulating more until the addiction is addressed.

Understanding the of your debt isn’t the only reason psychology plays a role in how you should create your debt attack plan.

There isn’t a set limit of cards, but there will be a limit on the debt you can consolidate.