Financial Expertise Appreciated

Vulchor

SmokySuit

This depends on how much you pay per card now. Are you paying any significant amount more than the minimum on each card each month? Or are you stuck doing the minimum on the cards each month?

sightunseen

Diamondog

Wouldn't you be paying a combined interest between cards of 43.3% versus 17.99%

Vulchor

The Sniper

smokeater187

I don't know if you have considered a debt managment group..but i am on a plan right now with moneymanagement international....... moneymanagment.org . They find a office near your home and you go in and talk with somebody and set something up. I really don't know much about loans and number crunching only being 23..but i do know that they are saving me a hell of a lot of money that i would have paid in late fees and finance charges and all of the bs that comes with cards. They have a number that you can get via the website that i listed earlier. Their customer service with them has been thru the roof awesome and a start-up fee is basically pennies to what they are saving you. I think that they are a very stand-up company so just thought i would throw this in.

Goldy

Goldy

letsgowithbob

Goldy

Vulchor

Thanks for all the help guys----Did as much math as I could, and agree Goldy the 17% is out. I have been meaning to sink it into the higest interest first, and just need to start doing it. As far as the consolidation----Ive heard of these companies and looked, but many of them end up not being much more savings than the card you had either. Additionally, credit cards as not as easy to obtain as they once were. I was getting offers/accepted for 12K cards a few years back---didnt take them thank god. Ive never missed a payment, but due to high balances, the rating has gone down. Swapping out no interest cards for other once may not work for that reason though.

Amos Umwhat

All I have to add is: before you make a decision, look into Dave Ramsey

bigharpoon

Fourtotheflush

Theedge

Ken Light

Russ55

Sorry if this has been asked/answered, but are you still using the cards?

Vulchor

Everday Russ........................J/k man, If I did I think I would just shoot myself out of a canon into a large body of water.

Russ55

Haha. I know how you feel. Those damn things are awful. That was the biggest thing for my wife and I, learning to live completely without them. Once we did that, the rest kind of fell into place.

Vulchor

Thats what were getting into now. Finally stopped using about 2-3 months ago......its was haaaaaard to not use at XMas time....although has made the post XMas blues non existant.

jship079

Mperconte

sittingbull

not sure if this has been mentioned....suggestion only...3 cards 3 payments....consolidation would be good but not at 17%....would rather have somebody else by the nads as oppose to someone having my nads... take the highest card percentage card you have and pay it off first....paying on the min. on the other cards....once you pay one card off start on the other cards.....until this is done pay for everything you can with cash....take the two highest rated cards and put them in a cup full of water and stick them in the freezer....trust me it is nice to be able to pay your credit card bill in full each month.... good luck if you are married might think about a budget.....

Vulchor

Mperconte

Sorry, did not mean to insult!!!!!

JZ

Go to any financial type website with calculators. Most have "how long til I pay of a debt" sty;e one available. Enter each card seperately and see how long it would take paying "X" per month. I'd imagine the consolidated option will be much sooner not to mention it keeps you obligated to make that payment no matter what. With the credit card option you always can revert to a lower payment dimming the light at the end of the tunnel.

Vulchor

Thanks Jz....and no problem at all my man, no hard feelings at all.

phobicsquirrel