Most lenders provide pre-approvals that won’t affect your credit score so you can check your eligibility no matter what your credit situation is.
It may seem odd to fight debt with another credit card, but it can work in some instances.
With a longer loan term, your monthly payments are lower and more manageable, but you’ll make payments for longer and will pay more interest over the long run.
In addition to taking out a loan with a debt consolidation company, there are also a great variety of online lenders who make personal loans to people with all types of financial backgrounds.
While you might think of personal loans being used for things like pools, weddings, and vacations, debt consolidation is actually one of the most common uses for this type of loan.
Shop around for the best online personal loans to see what kind of rates you can qualify for.
The first is that you’ll likely need pretty solid credit to qualify for one of these credit card offers.
The second is that once the introductory period ends, you’ll be back up to high interest rates — maybe even higher than your original cards.Many credit card companies offer low introductory APRs for transferring existing balances to the new card; in fact, some even offer a 0% APR for a limited time.Like any other deal that seems too good to be true, there are a few catches to be aware of.There are several different ways to achieve this and the best options typically save you money by giving you a lower interest rate or negotiating a lower settlement payment.It doesn’t mean the debt is gone, it simply changes your payment terms in some way to hopefully make your finances more manageable.Most people turn to debt consolidation when they need to consolidate credit card debt.