Best Way To Consolidate Credit Card Debt Reddit

I m not sure if consolidating with a new credit card or a bank loan would be best and apparently my key word game is way off when i try to find useful information. It was a hassle 13 business days to transfer funds got charged interest on the old cards for that period but it s much better paying 0 on one card than 24 on six.

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5k is hardly an insurmountable amount.

Best way to consolidate credit card debt reddit. So my credit is around 660 710 i have about 2 200 in credit card debt and pretty high aprs around 23 25 on my cards. The way to get rid of debt is not to pay fees to pile it into other debt or take on more debt it s to get pissed off at it cut back your expenses and pay it. Consolidating credit card debt is a great idea because you can pay down one loan at a lower interest rate than credit card debt.

Give us the amounts percentages and your budget and we can help you work out a plan to knock that shit out quick. My advice is to go into your fcu and talk with their customer service reps or whoever is doing loans there tell them your full situation and ask what would work best for you. If i didn t i would be paying like 24 apr on average spread across 3 credit cards.

I applied for a loan through lending club and consolidated my credit card debt 6 800 into a 3yr loan at 5 7 apr. The origination fees were about 60 total. My credit and income were enough to secure a bofa credit card with 0 transfer fees and 0 apr with a limit high enough to consolidate all the other cards.

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