What is the easiest way to consolidate credit cards w/out having to file for bankruptcy?
What is the easiest way to consolidate credit cards w/out having to file for bankruptcy?
My husband and I have around $ 20,000 in credit cards and I want to get them all on one to only have one payment. Do I get another credit card and put them all on there, get a personal loan, or is there something else out there that can help us? We have good credit, so I don’t want to ruin that. Please help!!
Best answer:
Answer by comnavhublant
There are several options available to you in a situation like this.
1. Search the internet for credit cards with lower introductory rates for balance transfers up to the amount you need. Just make sure that you check what the interest rate will be after the promotional period.
2. If you’re a homeowner and have $ 20k of equity you can apply for a home equity loan which has a significantly better interest rate. (This is the best option.
3. Contact your bank and apply for a line of credit to consolidate the cards into the loan.
2&3 are the best of these options as you’ll get a better interest rate and you’ll have a real good chance of being approved because you’ll either use your house as collateral or your bank will see the opportunity to make money on a loan which helps them and at the same time will leave you feeling good about them so that way you won’t want to change banks.
Good luck!
Give your answer to this question below!
5 X Credit Card Size Reading 3X Magnifying Magnifier
 | US $1.00 End Date: Friday May-18-2012 16:51:47 PDT Buy It Now for only: US $1.00 Buy it now | Add to watch list |
Iphone 4G/4S Synthetic leather wallet credit card ID cover case Free gift WTLtb
 | US $0.99 (1 Bid) End Date: Friday May-18-2012 16:53:16 PDT Bid now | Add to watch list |
Related posts:
- Bad Credit Dept Loans Help Credit Cards Bad Credit Cash Advance Loans Home Loans Home Loan Refinance Consolidate Dept and Avoid Bankruptcy Bad Credit Payday Loans Auto Loans Car Loans And All Types Of Loans Visit Now And Get 60 Seconds Guaranteed Approval
- Q&A: What are the easiest credit cards to get?
- What are the easiest credit cards to get for someone who just turned 18?
- Q&A: I want to consolidate my credit cards debt and get rid of high interst rates. What is the best way to do this?
- Credit card companies target bankruptcy filers.