purple_puke6 asked:
I have maxed 2 of my credit card. each at 18% p.a. if i take up a loan at 12% p.a. to settle both credit card & only make 1 repayment towards the loan.. is it worth it? from 1 point of view, its basically creating debts to settle debts. but on the other hand.. it is at a lower interest rate.im confused!
GADDIS
I have maxed 2 of my credit card. each at 18% p.a. if i take up a loan at 12% p.a. to settle both credit card & only make 1 repayment towards the loan.. is it worth it? from 1 point of view, its basically creating debts to settle debts. but on the other hand.. it is at a lower interest rate.im confused!
GADDIS
6 Comments to 'Consolidation of Credit Card debt?'
October 9, 2009
For the lower interest rate better yet get credit card with interest rate better yet get credit card with interest on balance transfers and pay off your cards that way.
For the lower interest rate better yet get credit card with interest on balance transfers and pay off your cards that way.
The lower interest on balance transfers and pay off your cards that way.
October 10, 2009
My profile next to finance. Free shareware debt management software. I use this all the time and it has managed my debts better than I could. You need a sound debt management strategy.
October 10, 2009
For another cc you may fall to debt trap situation.
October 12, 2009
The form and take it from there youll be debt free in no time.
October 14, 2009
It makes good sense. You’ll be trading 2 debts for 1 at a interest savings of 6%. Just be sure you never use those high interest rate cards again. That is where people get themselves in trouble.
October 16, 2009
The same mistake.