I owe about 22k in credit card debt. I need to consolidate.
Date: Fri, 07/08/2005 - 08:13
I owe about 22k in credit card debt. I need to consolidate.
Well my lowest interest rate is 12% and my highest is about 23%. In the past few months I was late on my payments because I'm living paycheck to paycheck. And I looked at my statements and realized that my apr started rising. There's about 7500 on my 12% card, 9800 on my 17% card, and 3000 on my 23% card. I want to consolidate and make my life easier with one easy payment.
You have taken the right steps
In this case you need to consolidate to give your life a fresh starting; also late fees and interest rates can be negotiated.
Pay the minimum amount for each account and clear the one with the highest rate faster, which is the key for faster recovery.
Keeping a planned budget will help to pay loan faster.
Roxette
