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New here and need some advice

tag
NewtoCredit80
Frequent Contributor

Re: New here and need some advice

I would suggest that you take a personal loan from your primary bank and pay off your credit cards.
Generally personal loan carry reduced interest rate compared to credit card APR.
Once you get your util below 10% and pay off personal loan regularly your FICO score would increase in 6 month.
Then you should be approved for prime 0% apr cards and BT to your checking account and pay off the personal loan.
I would also suggest that take a personal loan with 2 year period so that you do not stretch yourself in paying the same.


PNC Secured 2000 (Dec12), Chase Amazon 2000 (Apr13), CapOne Newcomer 2500 (May13), Citi dividend 3000 (May13), Discover IT 1000 (Jul13), Amex BCP 6000 (Jul13), Chase Southwest 10000 (Jul13), Chase Marriott 12000 (Oct 13), BofA Travel Rewards 5000 (Dec13)

- In garden till Dec 2014
Message 11 of 13
pamsue
Established Member

Re: New here and need some advice

Thank you soooo much for all of  your advice! I think I will wait until I  have them paid down more or see if they increase my credit limit and then apply for a personal loan. I just thought if I could get a 0% interest card and pay it off in 15 mos I could save a lot of money. 

Message 12 of 13
NewtoCredit80
Frequent Contributor

Re: New here and need some advice

You do not have any HP currently affecting your score so you can apply for at least one card and check whether you are approved or not.


PNC Secured 2000 (Dec12), Chase Amazon 2000 (Apr13), CapOne Newcomer 2500 (May13), Citi dividend 3000 (May13), Discover IT 1000 (Jul13), Amex BCP 6000 (Jul13), Chase Southwest 10000 (Jul13), Chase Marriott 12000 (Oct 13), BofA Travel Rewards 5000 (Dec13)

- In garden till Dec 2014
Message 13 of 13
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