Thursday, August 6, 2009

I owe 5500 bucks in credit card debts. i have three credit cards. i wanna take out a loan to pay it

what company is a good company where i can apply for a loan that has low interest rates and low payments



I owe 5500 bucks in credit card debts. i have three credit cards. i wanna take out a loan to pay it off?

watever company you borrow the loan from make sure you pay off your credit cards and cancel them.



Spend wisely and you should be alright.



I owe 5500 bucks in credit card debts. i have three credit cards. i wanna take out a loan to pay it off?

Try the following website:



Prosper.com



I owe 5500 bucks in credit card debts. i have three credit cards. i wanna take out a loan to pay it off?

I wouldn%26#039;t transfer the loans unless you are paying more than 15% interest. Otherwise, learn financial literacy so you won%26#039;t get into debt again.



Pay all of the minimum payments but the hightest interest rate card / or the lowest balance card (for cards under $750). Then pay an extra $75-$150 per month extra on the card you want to pay off.



Then when that card it paid off, pay the same amount you were paying on your first card plus $75 plus the minimum payment of your second card until it is paid, then pay what you were paying on your first card and second card minimum payments plus $75.



Then after your cards are all paid, you are going to invest the money you were paying on your credit card into an investment account for emergency funds.



Before you create an investment account, Create a %26quot;Bank On Yourself%26quot; fund. Get a prepaid debit card that you can load with money. Load it with $500 and when you spend, pay a minimum payment of $50 per month plus $10 %26quot;interest%26quot; to yourself. That way, you can increase your spending limit over time without ever going into debt again! No more late fees! No more interest! No more getting ripped off by credit card companies!!!!



As I always say, I LOVE credit cards, I love flexible spending, I love spending money, but I hate going into debt.



Pay off debt, create a %26quot;bank on yourself%26quot; account, build a prosperous financial future without changing your habits very much. A plan is a much better bet then taking loans to pay off debt.



Good Luck



I owe 5500 bucks in credit card debts. i have three credit cards. i wanna take out a loan to pay it off?

When you find yourself in a hole, the first thing to do is stop digging. You can%26#039;t borrow your way out of debt.

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