That's if your credit card has a large enough credit limit.
A low credit limit doesn't have to stop you from doing a balance transfer.
Debtors already bear obvious financial and emotional burdens, and trying to find the right road out of debt can sometimes present an even larger struggle.
Luckily, most of the “homework” about how to get out of debt has already been done.
When you have balances on several different credit cards, paying them off can be a long, challenging process.
It's hard to make progress paying off your debt when you have to split your payments between say, seven different accounts.
You can use a low rate balance transfer to move your balances onto a single credit card.
You can use our Budget Planner to work out how much you can realistically afford to repay each month.
Step 3: Explore debt consolidation options Now that you know where you stand - how much debt you owe and how much you can put towards your repayments - it’s time to set up a plan to clear it.
That means repayments are calculated so that at the end of the loan period your debt is cleared.
By combining multiple debts into one easy to manage personal loan you can potentially: Read more about our personal loans.Debt Management » Basics » Organize Credit Card Debt If your wallet is full of plastic and your mail is full of bills, it might be time to organize your credit cards.