Consolidating debt one credit card
If you know you're not going to pay off your credit card balance every month, take a look at a low interest credit card option to help keep interest costs down.
Also be aware of the temptation of the "Buy Now Pay Later" offers - make sure the funds are available to pay that bill before it is due.
A debt consolidation loan allows you to combine different debts into one loan.
Moving your outstanding credit balances to one low rate payment could save you money and time—making it easier to manage your money.
Here are some of the benefits that may come with consolidating your outstanding debt: If you're buying a home and have a 20% down payment, or you're a homeowner with at least 20% equity in your home, the RBC Homeline Plan could help you consolidate your debt.
Why personal loans are great for debt consolidation.
For credit card consolidation, personal loans are our top pick.