Help with consolidating credit card debt
Otherwise, you might end up paying even more money in interest than if you had simply paid each balance separately each month.
Compare your current interest rates to the ongoing interest rate you’ll receive after the introductory period is over to help you decide if this is a good move for you.
Online peer-to-peer lenders offer a variety of options for borrowers, particularly those with lower credit scores.
You can apply for debt consolidation loans through financial institutions such as a bank, credit union, or online lender.So you might have better luck getting your loan funded with a P2P lender than with traditional financial institution.Like always, you’ll need to perform a rate comparison to see if it’s worth paying off your credit cards with a debt consolidation loan.It’s not easy to feel overwhelmed by credit card debt.Maybe you’re having trouble keeping up with your monthly payment minimums, or maybe you just don’t see how you’ll ever get out from underneath that massive pile of debt.
Many credit card companies offer low introductory APRs if you transfer balances from other cards and sometimes you might even find a 0% APR deal!