Consilidating credit card debt
Credit cards carry high interest rates and have repayment schedules that drag debts out and cost borrowers a lot.
This will be the amount you’ll need to borrow to consolidate your credit cards and pay them off. Depending on your situation, you might need a lower monthly payment.
With fewer account balances and interest rates to keep track of, you’ll be at lower risk of missed payments or racking up fees.
Credit card debt consolidation won’t be right for everyone.
If you have any outstanding credit card rewards that you can apply to the credit card to lower your balance, do that now.
Then record the remaining balance after this credit is applied.