Almost anyone carrying multiple credit card balances is a good candidate for debt consolidation, which will make repayment easier and less expensive, helping you get out from under the burden of debt more quickly and in better financial shape when you get there.

The two best ways to consolidate card debts are with a no-interest balance transfer card or with a personal loan. If your credit score is good, you’ll probably qualify for a balance transfer card offering 0% interest for 12, 15, or 18 months. If you’re currently paying 18%, 20%, or more on your card balances, it’s easy to see that moving to 0% will deliver significant savings.

What’s important to assess is whether the 0% time period you’re offered is sufficient for you to pay off the balance you transfer. That’s because any transferred balance not fully paid off when the promo period ends will be assessed an interest rate usually above 20%, and it will be retroactive to the initial date of the transfer.

If the length of repayment from a balance transfer card is insufficient for the debts you want to transfer, the next best option is a personal loan. These can be obtained with worse credit, though the better your score, the more attractive the APR you’ll be offered.

Personal loans also allow you to consolidate more than just credit card debts. How you spend money from a personal loan is up to you, so rolling in an auto loan, large medical bill, or other debt is possible.

A personal loan will also establish a clear end in sight, but with terms that are usually 2-5 years. So with this method, you can determine at the outset what your fixed monthly payment will be and the exact date you’ll have paid off the balance.