Help with consolidating credit card debt

Using transfer credit cards to consolidate your debt does require that you have decent credit, so if you have a less than a stellar credit report, this may not be the method for you.A variety of different websites have a review of payment cards that can help you find the right one for you.Back to Top It’s a bit unorthodox, but using your student loans to consolidate your debt is possible and preferable if possible.Student loans almost always come paired with very low APRs and very flexible repayment plans. If you’ve got several loans to consolidate, some with high APRs and others with low APRs, you may end up with something in the middle.Additionally, the payments and terms are very flexible, meaning you can generally work with the financial institution to pay what you’d like, when you’d like, too.Note that the term APR will be lower as the term extends.If you are someone that likes to set up automated payments and forget them, you’ll want fewer payments to worry about.

Many disreputable debt repair companies sell a “system” that will help consumers rebuild their credit after they’ve made some credit mistakes.If you can, consider getting a balance transfer card that you can use for other things.After all, if you’re going to ding your credit, you’ll want to be able to use the card for other things after your finished paying off your debt.However they can be very helpful as you develop long-term financial plans, especially in building your credit.Other companies of note: Light Stream Back to Top If you own a home, you can borrow against it to consolidate your outstanding debt. First, the APRs tend to be lower because homes intrinsically have value as collateral.

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