Too late now but...

[MzKoli]

How bad of an idea was it for me to consolidate all my CC debt onto 1 card?

My Util is now currently 59% on that one card and 13% overall

My rationale was 1 payment, 0% APR til 5/14/14 and it would lower my overall minimum monthly payment ( for DTI purposes).

My scores were 747 and 762 previous to this move...

[myjourney]

As long as your not planning on applying for new credit it was a good moved to pay off and save you interest  IMO

[09Lexie]

+1 @myjourney

[Rhaeny]

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@myjourney wrote:

As long as your not planning on applying for new credit it was a good moved to pay off and save you interest  IMO

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+1

Save money first and only worry about util. if you"re going to app.

[john398]

Sounds great to me at 0% apr

[lg8302ch]

good move...just pay down and garden..your scores will come up if util is the only reason for the drop...cheers

[LS2982]

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@MzKoli wrote:

How bad of an idea was it for me to consolidate all my CC debt onto 1 card?

My Util is now currently 59% on that one card and 13% overall

My rationale was 1 payment, 0% APR til 5/14/14 and it would lower my overall minimum monthly payment ( for DTI purposes).

My scores were 747 and 762 previous to this move...

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Thats actually a good move, not having to pay interest is a very good thing!!!!

[RSCo]

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@LS2982 wrote:

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@MzKoli wrote:

How bad of an idea was it for me to consolidate all my CC debt onto 1 card?

My Util is now currently 59% on that one card and 13% overall

My rationale was 1 payment, 0% APR til 5/14/14 and it would lower my overall minimum monthly payment ( for DTI purposes).

My scores were 747 and 762 previous to this move...

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Thats actually a good move, not having to pay interest is a very good thing!!!!

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Have you glued and taped up all of your cut up cards yet?  hehe..

[thom02099]

+1 to what everyone else said -- not a bad move at all! 

Any time you can save some interest, it's a good thing.  Depending on your plan to pay it back, you should be able to get that 59% util down rather quickly.   It all frees up other cards for your daily expenses, which presumably you'll PIF as soon as they post to your account(s). 

[webhopper]

Good move in my opinion. Just pay it down/off.