kate_sept2004 / Getty Images A home equity line of credit ... For example, someone with a good credit score and DTI ratio with a home valued at $300,000 with a loan balance of $100,000 could ...

If you use a home equity loan to consolidate credit card debt, you’ll eliminate the balances on your revolving credit—and increase your score in the process. 5. On-time payments can boost ...

you'll only pay interest on your outstanding balance. HELOCs often have lower rates compared to alternatives like credit cards and personal loans. And if you have a lot of equity, you may be able ...

Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...

You may need to transfer the balance within 60 days of account opening, for example. From there, you can take advantage of the lower interest rate and make progress on your credit card debt. If you're ...

Kiah Treece is a small business owner and personal finance expert with experience in loans, business and personal finance, insurance and real estate. Her focus is on demystifying debt to help ...

Credit cards have notoriously high interest rates, so carrying a balance can be costly. However, some cards offer a path to paying off debt quicker with an introductory 0% APR period. These cards ...

A balance transfer is when you transfer a credit card balance from one credit card to another in exchange for a statement credit on the original card. If the new credit card has a low APR, then a ...

Our opinions are our own. The best credit card is one that's best aligned with your specific needs. NerdWallet's credit card experts have reviewed and rated hundreds of options for the best credit ...

Most lenders require you to have 15% to 20% equity in your home to secure a home equity loan. To determine how much equity you have, subtract your remaining mortgage balance from the value of your ...