Pay off Credit card with a Loan?
Date: Fri, 08/29/2008 - 11:20
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?
Whats is the interest rate going to be with the Wells Fargo loan
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 debt management Plan. It will get you one payment with much lower APRs " usually around 6%-9% ".
