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New Member
Posts: 2
Registered: ‎07-18-2007

$6,000 Dollars in Debt - consolidate via a personal loan?

I'm at about 6,000 in credit card debt and my interest rates are HORRIBLE! (all in the mid-high 20%'s on 4 accounts. 2 would not lower my APR after I tried via the phone (Dell and Best Buy). My question is: My equifax fico score is 635. Am I wasting my time if I try to apply for a bank loan or a new credit card with a lower interest rate to transfer the balance? Thanks!
Frequent Contributor
Posts: 491
Registered: ‎05-23-2007

Re: $6,000 Dollars in Debt - consolidate via a personal loan?

I would do a combination of both. You should easily get a personal signature loan from a Credit Union to pay off the CC bills, then I would look to apply for new cards that have better interest rates.
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007

Re: $6,000 Dollars in Debt - consolidate via a personal loan?

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