Consolidating credit card debt your own is breeessrig dating steve greene
However, if you can't make your payments on time, you risk losing your home. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Our partners cannot pay us to guarantee favorable reviews of their products or services. " At Nerd Wallet, we strive to help you make financial decisions with confidence. If your high credit card debt is stressing you out, you might be thinking about making a balance transfer or consolidating your debt.And once you do choose a plan, commit to making payments on time each month.Not doing so could get you in more hot water than before.Before you take the plunge into debt consolidation, here are some options to consider.
You may also find lower and/or fixed interest rates with consolidation, which can lower your overall payments.
If you are approved for a card that offers 0% interest on balance transfers, you can consolidate your high-interest debt by moving the balance of your other credit cards onto the new card.
During the promotional period—which can be as much as 21 months—you won’t accumulate interest while you work to pay down the balance.
The agency pays your creditors on your behalf and can sometimes even negotiate lower interest rates, debt forgiveness or lower monthly payments for you.
In turn, you make one payment to the credit agency for all your debts.