I have one credit card but it is maxed out at $4,0

I have one credit card but it is maxed out at $4,000. It has an interest of 25%. I was looking into a balance transfer card that is 0% interest for 18 months as I want to pay off the debt in 12 months. Should I just over pay on the current card or do the balance transfer. I also have a very short credit history and am looking to raise my score as the 4k is my only debt at age 26.

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i have a question i have 5 credit cards is it best for my credit score to pay 4 of them off and have a high balance on one or should i just spread what money i do have to free up space on all them. I want to get a car soon and i cant pay all them off but i can pay majority of them off and keep one high towards the balance or can spread it around..... its driving me crazy


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Yes, its an excellent option. You can transfer the balance and pay off the debt in 12 months at 0% interest. Its way better than paying off $4,000 @ 25%.


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