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25k on credit card soon will be hit with interest

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SouthJamaica
Mega Contributor

Re: 25k on credit card soon will be hit with interest


@Anonymous wrote:

i have 25k debit in credit cards and in 3 months will be geting hit with the interest.

credit score fico 8: transunion 665   675  670     i have 0 late ,0 negative and 0 inquiry

boa-$10k with 21% interest $8k with 12% interest and discover $7k with 15% interest

have 10 credit card but 7 of them are 0 balance for a total of $100k 

this is the only debit i have.no car payment no mortgage no other debits.

i can pay $1500 a month credit card. what can i do to give my self some time to avoid the interest?

looking to apply for a debit consolidation discover? apply for chase  slate balance transfer?

 

 


1. I would avoid debt consolidation loans. They usually just get you in deeper.

2. I would avoid Slate. They usually give you too small a starting limit to be of any value.

3. My recommendation would be to join a credit union that has a non-rewards platinum card with no balance transfer fee and low interest.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 703 TU 704 EX 687

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