Valued Contributor
Posts: 1,056
Registered: ‎07-17-2012
Consolidation Loan For Credit Card Balances?

My cards got a little bit of use for Christmas so they will take a part of the year to pay off. What do you guys think about a loan to consolidate them and have a (much) lower interest rate.  Plus, paying off that loan can only help improve the credit score.

 

And before anyone says it, I know... you don't want to do that then run up the balances again! :smileyhappy: 


|****$8000****|****$8000*****|****$6000*****|****$2500****|****$1600****|****$3000*****|*****$3000*****|****$2500*****|
EX - 684 (MyFICO 3/05/15) TU - 676 (MyFICO 3/05/15 ) EQ 04 - 711 (DCU -2/28/15) EQ 08 - 686 (MyFICO -3/05/15)