Who is someone good to consolidate credit cards with?
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some one who doesnt want upfront fees and also low interest rates
Who is someone good to consolidate credit cards with?I consolidated 3 credit cards ranging from 9.9% to 16.5% interest onto an American Express card that is a locked in interest rate of 3.99%. I have very good credit, so it wasn't hard to get this rate. But beware, you make one late payment and that interest rate will go way up. Also, don't use that new card for anything else. If you charge something to it, the payments you make will come off the original balance, and anything new put on there will have a higher rate. That purchase with the higher rate will technically stay on your credit statement until you have paid off the consolidation part of it, and the higher interest will accumulate. They don't require any fees for balance transfers. I also recommend a personal loan if you want to go that route, depending on how much you owe. The interest rate will probably be more like 8%, but you'll be forced to pay a higher amount instead of being tempted by minimum payments. I did this before and paid off my debt in a couple of years. Too bad I didn't learn my lesson and I ran the credit cards up again! I swear I am reformed now!
Who is someone good to consolidate credit cards with?If you have good credit and want to get from underneath all of the debt, then you may find a good card with an introductory balance transfer rate that is much better than what you are paying now.
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