If you have thousands of dollars in credit card debt, a balance transfer card could help you pay it off faster -- and save you lots of money. Find out how.

The terms of your credit card debt aren’t set in stone. If you’re feeling overwhelmed by your outstanding balance, it is possible to get a break from your creditors. By negotiating your debt, you could land a lower monthly minimum payment,

A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for reducing that debt, starting with looking at your spending habits.

To break the credit card debt cycle you’re currently in, you’ll need to find a way to pay off the debts you have while avoiding new bills. The best way to do this involves creating a monthly budget, consolidating your debts to pay them off faster, building an emergency fund and not using credit cards for spending in the short-term.

Banks will generally calculate the interest to charge on your credit card balances based on the annual percentage rate (APR) and the monthly percentage rate (MPR). The APR is the interest charged on your credit card balance per year. Meanwhile, the MPR is the interest rate charged every month.

Holly Johnson is a credit card expert and writer who covers rewards and loyalty programs, budgeting, and all things personal finance. In addition to writing for publications like Bankrate, CreditCards.