Consolidating credit card debt 20

You probably won't get a great (less than 10% APR) interest rate, but you can certainly do better than the roughly 30% APR you're paying now.And, in many cases, making the trade between a 30% APR (for a variety of credit card debt) to a single consolidation loan (with an APR that could be anywhere from 5% to 15% lower) will make tremendous sense - and save you a lot of money!Some companies know holiday shoppers who don’t stick to a budget tend to overspend then panic when the bills start coming in.And other loan companies will hook you with a low interest rate then inflate the interest rate over time, leaving you with more debt! Your goal should be to get out of debt as fast as you can!

Your monthly payment on the first loan is 7, and the payment on the second is 3. If you make monthly payments on them, you will be out of debt in 41 months and have paid a total of ,821.

You’re in deep with credit cards, student loan payments and car loans.

Minimum monthly payments aren’t doing the trick to help nix your debt, and you’re flippin’ scared.

Their behavior hasn’t changed, so it’s extremely likely they will go right back into debt.

Let’s say you have ,000 in unsecured debt—think credit cards, car loans and medical bills.

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