What to do....Balance Transfer

[Burned2manybridgesB4]

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@Burned2manybridgesB4 wrote:

Have you researched a HELOC, to subset the NFCU balances, or is it the other cards you want to knock off first? I can't envision Navy being your highest APR.

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https://www.navyfederal.org/products-services/loans/equity/equity.php

[raisinitup]

You are correct, NFCU is my lowest APR. I hadn't considered the HELOC option but will look into that. Is that the only viable option you think ?

[Burned2manybridgesB4]

Due to the high util on one single card (the one that will hurt approvals the most being over 60%), along with the others showing balances too, will probably lead to a big NO from the conventional banks, or a card with a 1k+ limit, and an apr of 24%, with a bt fee of 4%

I'd check your options, but the killer is definitely the 10k bal.

*edit: always keep your DTI in mind, when carrying balances, then think like a bank lender right after that.

[raisinitup]

OK, I'll have the 10k card paid down to $7500 in the next few months with the others paid off so I'll wait and then try to do a BT at that time. THanks!

[Burned2manybridgesB4]

Update the thread when you get a solution. I'd like to hear how this turns out.

[Creditaddict]

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@Burned2manybridgesB4 wrote:

Update the thread when you get a solution. I'd like to hear how this turns out.

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id at least transfer the other 2 to your navy since that will be 0% right now if you can't get a pre-approval for a citi, chase slate, or discover it.

at least stop the highest interest rate and start focusing on sending all your money to 1 place... Navy!!