Lending Club or just pay remainder CC

[myjourney]

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@09Lexie wrote:
I will repeat what I said in the GC. Paying off cc's with a higher APR loan boggles the mind. ESP a loan that is almost double your int rate. Make a budget, stick to it and pay off one card, then another, then another. Do not add anymore CL's while you are paying off your cc's.

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I have to agree with this because this is the best option which will result in your best success while saving you $$$$$$$$$$$ 

[youngandcreditwrthy]

Keep paying the CCs. This is a no brainer.
If anything, get a 0% bt card lol

[silverzgirl]

BTs are not an option. Since today was an app bust I came home to a Discover It invite...0 BT for 14 months. Well, denied. Recon called and was told that due to 4-year-old chargeoffs they won't even entertain approving me. Since they are on my report for another 3 years, I will never be able to BT. No one is going to approve me.

I decided not to use them. If the interest rate was close I would. This is not even close. 

[Poki]

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@silverzgirl wrote:
...

I decided not to use them. If the interest rate was close I would. This is not even close. 

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Good decision; and you are partially right about the 0% intro rate credit cards - most of the people that qualify for theme are usually in a good/decent position with their debt. Its more of marketing I suppose. I never cared for 0% introductory rates, but I do love my Best Buy/Amazon 0% promotional rates 

I do know someone that was approved for a LC loan to pay off his CC debt; the loan's interest rate was lower than his lowest CC rate, so it was a fair decision. In your case, since your CC's interest rates are low (relatively) you are better off consolidating your debt by yourself.

[Irisa]

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@silverzgirl wrote:

I decided not to use them. If the interest rate was close I would. This is not even close. 

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I think this is a very good decision. Focus on gardening and paying down utilization. I know it's frustrating and requires a lot of patience, but you can do it!

[Networth]

Is asking a family for some money to pay off the CC's a possibilty? I know its taboo for some people but I loaned money to a relative for this exact pupose with out any ill effects. They got there CC's paid off with out paying extra intrest and I got paid back + felt good knowing I helped a family member. 

[Poki]

Neither a Borrower Nor a Lender Be 

[PetuniaJane]

I agree with everyone else on this one. Although I had a very positive, painless experience with my Lending Club loan, if you're going to end up paying more to consolidate it kind of defeats the purpose. And then with all those nice and empty credit lines laying around, you run the risk of running them up again. (Not saying OP would, just speaking from personal experience 😋)

[silverzgirl]

Well a strange update...they sent me an email stating my inquiry would expire in the next couple of days. I logged into my account to find that the amount I was planning on has its interest rate drastically cut....now at the same rate (or slightly lower) as my cards. I guess my score has jumped up a bit since last month or something; the few times I logged in was at the crazy amount.

[maiden_girl]

If you want like a million inquiries...I would say no to the loan.