topic BT options for in General Credit Topics

topic BT options for in General Credit Topics https://ficoforums.myfico.com/t5/General-Credit-Topics/BT-options-for/m-p/5544783#M275336 <P>Hi all,</P><P>Helping my significant other with some financial planning here.   Here situation is below.</P><P> </P><P>Card 1 - 8800.00 Bal - 10K limit  14%</P><P>Card 2 - 8800.00 Bal - 20K limit  14%</P><P> </P><P>Paying 500.00/month on each card.</P><P> </P><P>Scores over 700 under 720</P><P> </P><P>Will have 5K tax refund to put towards the effort</P><P> </P><P>Looking to knock these out quickest way possible.   I suggested paying minimum on Card 2, do a BT on card 1 to 0% and  pay 750/month to kill it.  Then move to card 2... do another BT then hit it with 1K/month till gone. </P><P> </P><P>OR??  What about a CU loan for both?</P><P>OR?? do BT for Both and do that same plan?</P><P> </P><P>Thoughts?</P><P> </P><P> </P><P> </P><P>Suggestions on quickest way to pay these off??</P><P> </P><P> </P><P> </P><P> </P> Wed, 20 Mar 2019 02:04:17 GMT Anonymous 2019-03-20T02:04:17Z BT options for https://ficoforums.myfico.com/t5/General-Credit-Topics/BT-options-for/m-p/5544783#M275336 <P>Hi all,</P><P>Helping my significant other with some financial planning here.   Here situation is below.</P><P> </P><P>Card 1 - 8800.00 Bal - 10K limit  14%</P><P>Card 2 - 8800.00 Bal - 20K limit  14%</P><P> </P><P>Paying 500.00/month on each card.</P><P> </P><P>Scores over 700 under 720</P><P> </P><P>Will have 5K tax refund to put towards the effort</P><P> </P><P>Looking to knock these out quickest way possible.   I suggested paying minimum on Card 2, do a BT on card 1 to 0% and  pay 750/month to kill it.  Then move to card 2... do another BT then hit it with 1K/month till gone. </P><P> </P><P>OR??  What about a CU loan for both?</P><P>OR?? do BT for Both and do that same plan?</P><P> </P><P>Thoughts?</P><P> </P><P> </P><P> </P><P>Suggestions on quickest way to pay these off??</P><P> </P><P> </P><P> </P><P> </P> Wed, 20 Mar 2019 02:04:17 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/BT-options-for/m-p/5544783#M275336 Anonymous 2019-03-20T02:04:17Z Re: BT options for https://ficoforums.myfico.com/t5/General-Credit-Topics/BT-options-for/m-p/5544999#M275349 <P>@Anonymous wrote:</P><P>Hi all,</P><P>Helping my significant other with some financial planning here.   Here situation is below.</P><P> </P><P>Card 1 - 8800.00 Bal - 10K limit  14%</P><P>Card 2 - 8800.00 Bal - 20K limit  14%</P><P> </P><P>Paying 500.00/month on each card.</P><P> </P><P>Scores over 700 under 720</P><P> </P><P>Will have 5K tax refund to put towards the effort</P><P> </P><P>Looking to knock these out quickest way possible.   I suggested paying minimum on Card 2, do a BT on card 1 to 0% and  pay 750/month to kill it.  Then move to card 2... do another BT then hit it with 1K/month till gone. </P><P> </P><P>OR??  What about a CU loan for both?</P><P>OR?? do BT for Both and do that same plan?</P><P> </P><P>Thoughts?</P><P> </P><P>Suggestions on quickest way to pay these off??</P><HR /><P>Because of the high UT, it may be difficult to get a BT balance with a decent CL. It also depends on what the rest of SO credit profile look like. </P><P> </P><P>I suggest using the $5K to get card 1 below 48.9%. Yes, a personal loan at a much lower APR would definitely be a good idea depending on scores. </P> Wed, 20 Mar 2019 09:58:18 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/BT-options-for/m-p/5544999#M275349 CreditInspired 2019-03-20T09:58:18Z Re: BT options for https://ficoforums.myfico.com/t5/General-Credit-Topics/BT-options-for/m-p/5545125#M275364 <P>First things first, fix their withholding so that they're not getting $5k tax refunds while paying 14% interest on debt.</P> Wed, 20 Mar 2019 14:00:09 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/BT-options-for/m-p/5545125#M275364 Anonymous 2019-03-20T14:00:09Z