Consolidation Loan, Credit Card or Equity Line?
Date: Mon, 03/15/2010 - 16:22
Hi!
Im not behind in my payments. I just want to free up some cash. I have three personal loans for a total of around 15K. I dont have credit cards. Should I make a loan to consolidate or should I apply for a Credit Card with 0 transfer fees? Maybe an equity line of credit?
Which one would be the best solution?
THANKS!!
Im not behind in my payments. I just want to free up some cash. I have three personal loans for a total of around 15K. I dont have credit cards. Should I make a loan to consolidate or should I apply for a Credit Card with 0 transfer fees? Maybe an equity line of credit?
Which one would be the best solution?
THANKS!!
Well (just from personal experience)..maybe you can consolidate
Well (just from personal experience)..maybe you can consolidate all of your loans and make you payments lower each month. I wouldn't apply for a CC until you have alot of the loan paid off. The MORE you bring down your debt, the HIGHER your score goes.
Hi Valeria, Tackling multiple accounts, becomes a headache at ti
Hi Valeria,
Tackling multiple accounts, becomes a headache at times. But the best part is that you have managed to stay current. I would also go for consolidation, like Sdchargers.
The following link was very helpful for me, hope it helps you also:
http://www.debtconsolidationcare.com/loan.html
