Consolidating Credit Card Debt:

Credit Card Consolidation Debt

First, not knowing the entire situation I give you some advice based on what I see.

Two rules of thought, if you can pay off a Card in 1-2 payments you should do so.

If not, you pay the most you can to the HIGHEST INTEREST card. In other words, if you have a 5% loan on lets say student loan, a 17% interest credit card company and a 21% interest credit card company and all have $5,000 each on them (just using it for round number).

Pay minimum to each of the student loan and 17% card and whatever you have left over to the 21% loan.

When you pay off the 21% loan then you will continue to pay the minimum to the 5% loan and pay as much as you can to the 17% loan.

The reason for this is that you continue to accrue more debt to the highest interest Company. By paying it off first, you will pay less and less.

Don’t worry about rushing to pay off the student loan until the others are paid. Why??? What are they going to do, come take your Education back??? They are historically the lowest interest (some have none) so just pay the minimum until you can pay off everything else.

Credit Debt Consolidation:

Credit Card Consolidation Debt

Try using:

I used their service a couple months back and they consolidated all my debt and lowered my total debt about 25%.