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i am looking to consolidate credit card bills into one payment so i can close my credit card accounts?
Question : i am looking to consolidate credit card bills into one payment so i can close my credit card accounts?
consolidate credit card bills
Best answer:
Answer by Pluto
Okay, are you asking if you should or shouldn’t? We need little more information to answer.
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#2 written by stopccdebt 1 year ago
If you are unable to increase your payments, then you should consider meeting with a credit counselor. Credit counselors can help you put together a debt management plan that many creditors participate in.
It consolidates your payments, and your consolidated payment is usually less than what you were paying on all of them. Also, you generally can get much lower interest rates.
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#3 written by Latigo 1 year ago
Call the 1-800 customer service number for each of your credit cards and determine whether or not they transfer balances.
Some will and some won’t. If some will, find out the transfer fees and interest rates. Some may have no transfer fees and a zero interest rate for a fixed period of time. Others may have a high interest rate and a minimum or high transfer fee.
Select the best deal you can get. If you can’t get a good deal from your existing cards go to Google and look for “Transfer credit card balance 0% interest.” For example, try http://snipurl.com/1dqch.
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When you finalize a plan with a debt consolidation company, the company repays your dues to your creditors. Then you make a single payment to the consolidation company every month. Your average new interest rate is much below the old interest rate.
All credit card debt consolidation loans include some type of credit card and debt counseling. You have to trim your lifestyle to eliminate unnecessary expenses. This will allow you to set your house in order. But this necessary, as the ultimate goal of debt consolidation is to help you out of debt, while keeping your home.