It would be a good idea as long as you cancel your credit cards so you do not put yourself into further debt. You could also try for a line of credit. Pay off your bills now and cancel the cards, and then just use the line of credit to pay for things. You will have a lower interest rate, and only one monthly payment.
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
yeah, and pay all of them off.
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
Yeah it a good idea as you will pay all your debt off and have one fixed payment once a month.
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
one loan with a payment that you truly can make is good. you may want the money sent direct to your credit cards so that you do not blow one off and use the money else were.
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
Yes especially if the loan has a lower intrest rate, it will save you money in the long run. :)
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
It depends on what kind of an interest rate you can get for the loan. If it is too high, it may hurt you more than the credit cards. But it is not a bad idea, if that is the best route.. you just have to take a look at your own personal situation... get advice yes... but in the end, make your own decision.
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
yes, you can get a loan to consolidate all of your bills that will have a lower interest rate. It will save you money, and you will only have to worry about paying that one bill instead of numerous bills! Do it asap!
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
Only if you can get a loan at a rate lower than is charged by the credit card companies. Otherwise, start paying the one with the highest rate (not the highest balance, the highest percentage of interest). Pay as much as possible to that one and the minimum to the others. When the first is paid off, then pay as much as you can to the second, etc.
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
If you can get a loan with a lower interest rate than the credit cards, then yes, it would be a good idea but only if you cut up your credit cards instead of using them. Don%26#039;t close the accounts or at least all of them. Having the credit open helps your credit score. But it is important NOT to use the credit cards until the loan is paid off at least. A good way to manage credit cards is to act as if they are debit cards. Each time you use one, deduct the amount from your checking account and pay the bill in full each month. Whatever you do, DO NOT use a debt consolidation company. I did and ended up filing bankruptcy because of them. They are a rip off. I have reestablished my credit since my bankruptcy and have learned a very valuable lesson. I hope my experience helps you to avoid making a bad decision.
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
i loaned the sister of my ex girlfriend a couple thousand bucks to pay off hers, she was getting late fee charges, interest, and etc, she said that she would cut them up and live within her means and pay me back, well I saw one payment of 100, late, one of 50, late, and nothing for the last year. Im gonna go break her windows and do more damage than what im owed, and maybe even break her legs, so you just be careful of who you take a loan from and who you think your%26#039;re gonna screw. other than that, well yes it would be a good idea to consolidate to a lower rate.
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
Most credit card carry a very high percentage of interest. If you can get a loan with lower interest than what you are payingthe credit card people, then do so.Let this be a lesson to you, it is easy to keep using that piece of plastic to get things on credit, but every 30 days, you get a bill, which can choke the life out of your wallet. Be wiser next time, use credit cards only in an emergency.
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
yes, get the lower interest rate.
But, *****VERY IMPORTANT********, destroy credit cards and close accounts!!!!! do not get anymore until the loan is paid off!!!!!
if you are not willing to do this, dont get the loan.
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
A bill consolidation loan, may lower your current interest rate from 23% or 24%, to 14% or 18%, depending on your credit rating score and term of loan.Shop around, there are still some good deals out there. Happy refinance...
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
Well if you own a home you can take out an equity loan and pay off the cards. The interest is now deductible on you taxes. If you dont own a home, i would suggest that you stop using the cards immediatly, apply for a zero percent interest card. they have them out there for 12-18 months. Transfer the balance of your credit cards to the new card. Destroy the old cards! Then start paying down as much as possible on your new zero percent card. If you maintain a balance on the new card after the trial period of zero percent, you will start paying interest again. You can apply for another zero percent card and start all over again until you are debt free. Hope you learned a valuable lesson about credit cards snd the debt that it will cause you. If you ever thought about a bankruptcy, these are expensive and you will pay later in life when you want to uy that new car or home. The interest rates will be higher than anyone elses rates and you may possibly be turned down for that loan as well. You can also contact a credit counselor to help reduce debt and consolidate your bills to one payment per month.
Hope this helped........and good luck
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
yeah u shud go n beg on the streets
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
You are still going to owe the money anyway you look at it. It only makes sense if you decide you will be getting rid of your cards for good. There is no point in paying them off on to put more money back on the cards.
I owe a lot of money in credit card bills. Is it a good idea to get a loan to pay my credit card debts?
No. You can%26#039;t borrow your way out of debt. Try and get on top of your debt, consolidate and get a lower interest rate or take a home equity line if you can and pay off the high cards. You still owe the money but maybe you can cut your interest rate in half.
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