cancel
Showing results for 
Search instead for 
Did you mean: 

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

tag
katism
New Member

$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!
Message 1 of 3
2 REPLIES 2
chartley3
Frequent Contributor

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.
Message 2 of 3
Anonymous
Not applicable

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

What are the balances, CLs and APRs of all the CCs?
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.