Best route?
Date: Tue, 08/15/2006 - 11:52
Hi everyone,
What would the best route be to catch up on bills and get out of debt? We have credit cards, 2 car payments, and a student loan. Right now I'm more concerned with just catching up on payments. We've had one of the cars for just over 2 years. Would it be possible to refinance and use the money to pay off what we can.
Or would a personal loan covering the credit cards be a better option? If this isn't enough information just let me know what else you need :)
What would the best route be to catch up on bills and get out of debt? We have credit cards, 2 car payments, and a student loan. Right now I'm more concerned with just catching up on payments. We've had one of the cars for just over 2 years. Would it be possible to refinance and use the money to pay off what we can.
Or would a personal loan covering the credit cards be a better option? If this isn't enough information just let me know what else you need :)
Do you own a home to refinance? That might be your best option r
Do you own a home to refinance? That might be your best option right now rather than taking on another loan, your debt to income ratio might not get you the best interest rates either.
Consolidation might be best for you for your credit cards to reduce your monthly payments. If you filled out the registration information here, a counselor will call and discuss some options.
Hi lleu81 In case, if you don't want to include all accounts
Hi lleu81
In case, if you don't want to include all accounts in the consolidation plan, figure out the ones raking up with high interest rates. Include them into one payment plan and get lower interest rates. You can continue to pay other bills outside the program you don't have problems with.
