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How to pay off your credit card debt as quickly as possible

As many in the UK continue to struggle under a mountain of debt, with credit card debt particularly high, there are a couple of simple ways in which you can reduce the interest on your debt mountain and pay off the outstanding funds as soon as possible. It will come as no surprise to learn that 0% credit card balance deals are starting to come back to the market and should be considered by those struggling to repay current debt levels. However, you need to consider a number of factors before deciding on the best offer for you.

If you have a relatively small outstanding balance and feel that this could be paid off within a six-month period, which is the common length of time of non-fee paying 0% balance transfer deals, then this could be the best option for you. However, if your debt balance is fairly high and you feel it could take longer to pay off the outstanding funds, then look towards a fee paying 0% balance transfer deal. The trick is that many of the fee paying deals will offer a longer 0% interest term which can be anything up to 18 months.

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