Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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Another option would be http://www.lendingclub.com
I used them in the past and got a loan at 6.8% for 3 years which was much less than the 16.99% I was paying to the CC company for sure! :)
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
0 Score
19 Replies
2,906 Views
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Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
Would you mind posting each individual cards total balance owed, interest rate, and minimum payments? Then people can offer advice on each card. I can tell you now, paying double the minimum on...
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
why not mix in some no interest balance transfer CC into the equation. If you can shift/delay 1-2 cards a year, that can help save money.
Card A. B. C D.
Balance transfer B and C. Pay minimum...
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
you'll most likely get rejected for a good BT deal, given your high utilization on 2, possibly 3, CC's (FICO killer).
a more realistic option is a personal loan through a credit union. CU lending...
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
:iagree: +1
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
This. :iagree:
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
If you can get a loan at say 6-8% and your CCards are at say 18% then heck yes that is a good thing.
Debt Consolidation Loan, Yes or No?
Expired
Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
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Debt Consolidation Loan, Yes or No?
Expired
Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
generally speaking yes, but it depends on your personal situation and the amounts/interest on each card.
1. stop charging on current cards - you said you don't charge up your cards, does that...
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
Before you do anything, talk with a credit counselor with the National Foundation for Credit Counseling and get advice and guidance from them for free. They are legitimate and very good and what...
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
0 Score
19 Replies
2,906 Views
deleted
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
Informative, thank you. :nod:
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
deleted
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
Balance transfer VS, NYCo, Macy's to a 0 % Card. That would cost you about 60$ in transfer fees@ 3% of 2000$ and then save on interest. Just be prepared to pay off the entire debt at the end of the...
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
Was a home equity loan a possibility? If you planned on paying this all off within 5 years, that is a way to drastically reduce the interest you are paying.
If a home equity loan isn’t an...
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
Since it's all on CCs, getting a debt consolidation loan at a (much) lower interest rate would be excellent. The problem is with so much debt (what's your credit limit and how much on each card?), it...
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
http://www.bankrate.com/brm/news/cc/20031007a1.asp
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
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19 Replies
2,906 Views
Good luck. You are wise not to take money from your retirement. You might want to look at your local credit union and also Penfed (federal credit union that all Americans can join). Penfed has...
Debt Consolidation Loan, Yes or No?
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Thread created 07-25-2012 by tmalsav
0 Score
19 Replies
2,906 Views
What do you consider a timely manner, how much can you pay towards the debt each month, and is this $15k all on credit cards?
If it is all on credit cards, could you transfer it to a 0% balance...