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$15,000 in debt? |
My finance charges are very high at 33%. What can I do to dig myself out of this? Debt consolidation? If so, where? geez 33%. i would assume credit is not good. I would go to a credit union like the other person stated. I would ask to consolidate onto a personal loan (usually these are fixed loans) or ask to transfer to a CU credit card. Mention that you would like to cancel these accounts if you get the loan and that you are trying to get out of debt and have come to them to get a loan for help Bet it all on the Raiders next week ! get a shovel and dig out!!! Go in and talk to a credit union about a loan, in some cases they will take your credit cards pay them off and Close them. they will give you a structured loan like a car loan 60 months is typical. 33% you will never get out of debt. Make sure to make at least the minimun payment and start looking for any CC or loan which offers a lower interest rate (shouldn't be hard to find one lower than 33%!). You may not be able to move the whole 15k over to a lower interest account but moving as much as you can will help you be able to start making bigger payments to any money left over being charged 33%. First, I would contact the lender and try to negotiate a lower interest rate and agreed to close the account but you will pay off the debt. I did this several years ago and it worked for me. This will keep you for adding to the debt. You can always go to bankrate.com and try to find a credit card that offers better terms. Just watch out for low APRs that only last for a few months and balance transfer fees. You may need a second job as well. I went with Debt Counseling Corporation--I had a Chase at 29.99% APR and they lowered it to 6%--check them out |
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