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Posted: Fri Aug 29, 2008 11:20 am Subject: Pay off Credit card with a Loan?

Is it a good idea to take out a loan from wellsfargo to pay off multiple credit cards. Total debt ~8k. Is there a better option?

Posted: Fri Aug 29, 2008 11:28 am Subject:

Whats is the interest rate going to be with the Wells Fargo loan ?
Also what are the creditors , balances , and interest rates of the current cards ?

The reason I ask is you might be better off going with a [url=http://www.debtconsolidationcare.com/debt-management.html]debt management Plan[/url]. It will get you one payment with much lower APRs " usually around 6%-9% ".

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