Credit card bills can sometimes pile up to become a huge burden in your life and create an imbalance in your budget. On top of that, you will be charged penalties and additional interest by the credit card issuer if you fail to make payments on time. This further worsens the situation and creates more debt for you. Two of the main options you have at this time to take charge of your finances are taking a personal loan to liquidate the debt, or applying for a credit card balance transfer.
Banks and financial institutions levy interest rates on personal loans and it may not be a viable option to choose in times of financial emergency. It is like paying off a debt by taking on more debt. This is why you must consider looking for a credit card issuer that offers lower interest rate than your current issuer. Over the course of a few months, while you pay off your credit card debt, you will be paying a relatively lower amount as interest on your dues. If you plan your moves well, you might be able to be pay off your credit card debt early than you would have otherwise.