Many people carry at least one credit card balance from month to month. In fact, nearly 50 percent of cardholders carry this type of revolving debt, according to Bankrate’s Credit Card Debt Survey.

Kelly-Ann Franklin has spent more than two decades in journalism which has helped her build a wide knowledge base of business and personal finance topics. Her goal with editing is to ensure tough ...

Balance transfer checks are a way to transfer credit card balances from one issuer to another with a lower interest rate.