Regular Contributor
masscredit
Posts: 226
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: 

EX - No idea TU - 661 (Walmart 5/13/13 ) EQ - 684 (FICO -5/15/13)
Goal - 700 Club in '13!!!

My Wallet - Barclay's - $3700. Target - $3000. Cap 1 - $2500. Merrick - $1000. Orchard - $950. Walmart - $700. JCP - $200.