credit card help
Date: Tue, 06/12/2007 - 01:30
hello all, im new here and just came across the board. Here's my situation, any help would be great.
So I just graduated from college a few months ago and now have a job where i am in position to start paying off my credit cards that i used to get threw school. I have one card that is at 4,800 with an apr of 29.99%, and another card with a balance of 1,700. I never really payed attention to the apr percentage until i started paying it off and the balance wasnt really going down. I have looked into credit card consolidation but am not sure if that is safe or a good idea. I am open to any options that you guys would recommend.
Thanks,
Kevin
So I just graduated from college a few months ago and now have a job where i am in position to start paying off my credit cards that i used to get threw school. I have one card that is at 4,800 with an apr of 29.99%, and another card with a balance of 1,700. I never really payed attention to the apr percentage until i started paying it off and the balance wasnt really going down. I have looked into credit card consolidation but am not sure if that is safe or a good idea. I am open to any options that you guys would recommend.
Thanks,
Kevin
Kevin - Welcome to the site! If you are in a position t
Kevin -
Welcome to the site!
If you are in a position to start paying off those credit cards, and all you have are those two cards, why not work on paying them off in chunks every month - say double or triple the minimum payment, if you can?
I'm not sure I'd head towards debt consolidation or settlement with only two credit cards - I think the fees involved would outweigh any benefit to you.
thats what i have been doing but it seems like with that high of
thats what i have been doing but it seems like with that high of intrest it will take forever to pay off. Is there anyway going about negotiating lower intrest rates?
