cancel
Showing results for 
Search instead for 
Did you mean: 

Consolidating

Frequent Contributor

Consolidating

 
What are the pros/cons to consolidating all my cards into 2 credit cards?    I am to the point that it is okay if my FICO takes a hit for awhile by doing this.  I am not looking to buy a home or a car for a few years now.  I would just like to have 1 or 2 bills a month instead of 6-7!!  Smiley Sad
 
Thanks for any comments. 
 
Tuscani that "moderator" sign looks good on you!  Smiley Happy
 
SandyK
Message 1 of 2
1 REPLY
Moderator Emeritus

Re: Consolidating



sankofa wrote:
 
What are the pros/cons to consolidating all my cards into 2 credit cards?    I am to the point that it is okay if my FICO takes a hit for awhile by doing this.  I am not looking to buy a home or a car for a few years now.  I would just like to have 1 or 2 bills a month instead of 6-7!!  Smiley Sad
 
Thanks for any comments. 
 
Tuscani that "moderator" sign looks good on you!  Smiley Happy
 
SandyK


Thanks!
 
Consolidation is fine. Now is the time to do it to since you will be buying a home in a few years. Just remember, your score will take an initial hit but should bounce back after a couple of months.
Message 2 of 2