What is the intrest rate on consolidations for credit cards?
Date: Thu, 06/28/2007 - 09:34
Usually, in a consolidation plan, the interest rates are lowered
Usually, in a consolidation plan, the interest rates are lowered down depending upon the actual status of your accounts. If you are too much behind in your payments, the consultant may be able to arrange a lower interest rate with your creditors. If you are current, he will still try to get a better deal that you will be able to afford
What is the interest rate you are paying at present?
If you are paying something above 25%, a good dmp company will b
If you are paying something above 25%, a good dmp company will be able to negotiate and lower down to say 15% or so. But, yes, a lot depends upon the current status of your account. Since we don't know anything about your account, you must speak with a debt counselor and figure out a plan.
