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Can I use a balance transfer to pay off multiple debts?

Curious about Balance Transfer

Can I use a balance transfer to pay off multiple debts?

Yes, you can use a balance transfer to pay off multiple debts. You can transfer the balances from multiple credit cards or loans to a single credit card with a lower interest rate. This can make it easier to manage your debts and save money on interest payments. However, you should be careful to choose a credit card with a sufficient credit limit to accommodate all of your transferred balances, and make sure you can pay off the new balance before the introductory period ends to avoid incurring high interest rates.

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