I've tried to get a personal loan to pay off credit card debt and have just one big bill a month instead of multiple ones..
so far I've been denied everywhere I've credit took a hit from inquiries...
, families added an average of 6 to their credit card balances due to gifts, décor, and travel.
Consolidating can help you begin to repair the damage quickly by combining the balances from all your credit cards into one easy payment.
Depending on your current credit cards’ interest rates and your personal credit, you may even qualify for a lower interest rate.
Most balance transfers will incur a transfer fee of 2 percent to 5 percent on each balance, which in your case would cost $120 to $300.
Also, most 0-percent interest offers are good for only 12 to 18 months.
With more than 20 years experience in the nonprofit credit counseling industry, Kevin Weeks joined the Financial Counseling Association of America (fcaa.org, @Trust FCAA) as its president Dec. Weeks has extensive knowledge of both the credit counseling industry and the FCAA organization, having served in leadership positions for three of its member agencies and on the FCAA board of directors.