bRIAN M asked:


I just finished grad school with a significant amount of credit card debt (approx $8,000) spread amongst three cards. They were student cards when I opened them so the interest rates are disgustingly high. My three banks cannot currently lower my interest rates even though I have graduated and got a good job making a decent salary.

I am not fool and I want to pay these cards off as quickly as possible at the lowest rate possible. I am interesting in learning more about credit card consolidation services.

Mostly I want to know how using one would affect my credit score. My score is good (low 700s) and I do not want to affect as I hope to buy a home in the next 2-3 years.

Does anyone know the effect of debt consolidation and does anyone have recommendations for reputable services?
thanks!
I just finished grad school with a significant amount of credit card debt (approx $8,000) spread amongst three cards. They were student cards when I opened them so the interest rates are disgustingly high. My three banks cannot currently lower my interest rates even though I have graduated and got a good job making a decent salary.

I am not fool and I want to pay these cards off as quickly as possible at the lowest rate possible. I am interesting in learning more about credit card consolidation services.

Mostly I want to know how using one would affect my credit score. My score is good (low 700s) and I do not want to affect as I hope to buy a home in the next 2-3 years.

Does anyone know the effect of debt consolidation and does anyone have recommendations for reputable services?

(To be clear, I am talking about a consolidation LOAN not a consolidation management program. I understand the difference)

KRUEGER