I have 2 credit card accounts with 3 different banks(6 total) all near limit.?

Question

I would like to combine the accounts at each bank. Has anyone ever done this or know of a way to do so. I have good credit but way to much, it is lowering my credit score. By combining I'm hoping to lower my payments. I don't think I would qualify for a new card to transfer balances.

Answer 1

you may want to see if you can get a card with a balance that is twice the amount of what you owe, then transfer the balances to the new card, or some of it to up the amount of available credit on each card, which will up the fico score. or you can see if you can get a credit limit increase on each card. but don't cancel any cards yet, even if you completely transfer the balance, otherwise that credit history and avalible credit is gone.

Answer 2

Try getting a debt consolidation loan from the bank. Cut up five of the cards and drop the lowest intrest card down to $1000. This will lower your monthly payments and helps your credit score. Good luck worked for me

Answer 3

The banks want to get the money back, they will try their best to help you. Good luck and combining the accounts will help out a lot.