Balance transfers and consolidation loans can be powerful tools to help people eliminate debt faster. They can also be a train wreck leading to the accumulation of more debt.

How can you be sure that using one of these options to get debt under control is best for you?

Personally, we’ve used balance transfer and consolidation options that have saved us a ton of cash. We’ve also used these options and have had them lead to more debt and bigger financial trouble than we had in the first place.

I want you to avoid the mistakes we made using balance transfers and consolidation loans and to learn how to use them wisely as you pay off debt and build wealth – IF that is the right choice for your individual situation.

Here are some questions you can ask before you sign on the dotted line and reroute your debt somewhere else. Read more