I would like a loan, so I can have 1 bill not 5.
I am not interrested in debt consolidation.I can pay for my bills.
2006-09-01 14:40:36 · 15 answers · asked by Lnola 1 in Business & Finance ➔ Credit
Check with your bank or credit union.
Depending on the interest you are currently paying on the cards, you may get a better rate to pay the cards off.
2006-09-01 14:45:24 · answer #1 · answered by echo 7 · 0⤊ 0⤋
If you can pay your debts, but just want one bill, and the lowest interest rate, I would call one of the credit cards where you have zero balance and highest available credit and then ask them if they would give you a 0% for life balance transfer option. Most cards will do this for a small interest rate if not 0. You can then transfer all the loans to this card and develop a monthly payment schedule to pay it off. Good luck.
2006-09-01 21:52:09 · answer #2 · answered by Amar K 1 · 1⤊ 0⤋
try consolidating all of your cards to one, many times credit card companys offer promotional rates like a years term at 0 percent then it jumps to high rates, figure your total debt then take a money transfer from one of the offers and write the checks your self to individual accounts, most companys like chase at and t wont transfer one balance to another one of their own cards so you transfer a advance to your checking account and write the money to each one, and keep an eye on the time frame of your promotional rate when times about up, simply do it again with another company, once you do it other credit companys will try to win you over and offer rates at promotions to, so its an endless deal , just be sure to try your best to keep your balances paid, and stay out of debt but for debts you already have its a way to knock them down without paying high interestso instead of paying 100 dollors a month with 30 to interest pay 100 dollors with 10 for interest
2006-09-01 21:53:11 · answer #3 · answered by kevin f 1 · 0⤊ 0⤋
Yes, ask your bank/credit union for the loan details. You'll most likely also save a lot in interest, because on credit cards they accrue interest on interest, where loans only accrue interest on the principal amount owed.
2006-09-02 09:29:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you own a home refinance and use the money to pay off credit cards you'll save a ton on interest.
2006-09-01 21:46:29 · answer #5 · answered by sir_78 2 · 0⤊ 0⤋
Personal Loans Guide
By: Micheal Reese
This article should help you with your question. You can also use this web site to learn more about credit & finance.
2006-09-01 22:43:40 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You cannot borrow your way out of debt.
List your CC's smallest to largest. Pay every extra nickel on the smallest one. When that's paid off, use that payment to pay off the next one, etc, etc.
How about having no payments? How much could you save if you weren't making all those monthly payments?
2006-09-01 22:09:04 · answer #7 · answered by normobrian 6 · 0⤊ 0⤋
Go to your bank and discuss it with one of their loan specialists. If you have damaged credit, it may be difficult.
2006-09-01 21:45:37 · answer #8 · answered by Firstd1mension 5 · 0⤊ 0⤋
Just make sure that the effective interest rate is lower than your credit cards........
2006-09-01 21:46:12 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Try to consolidate your debts and pay one bill instead of 5
Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html
2006-09-02 06:36:19 · answer #10 · answered by Anonymous · 0⤊ 0⤋