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Credit cards maxed out cos of house renovations. Any good ideas to pay these off quickly .... on a budget

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How quickly do you plan to pay them off? Would a personal loan or temporarily borrowing from savings (within reason) be a better idea? The interest on credit cards is no joke if you don't plan to pay the balance off in a cycle or 2. And it sounds like you're carrying a very high balances. Definitely recommend you buckle down and pay it off quick. As an SM though you should be able to come up with a lot in your budget that is discretionary spending. Redirect that spending to your credit cards. Pay less on other lower interest debt, pull back a little on 401k beyond matching. This debt will out pace almost any other debt or investment.

likefunny

See if you can get a 0% intro APR credit cards with $0 fee for balance transfers, those are usually good for the first 18-24 cycles. Make a plan to pay it off within that timeframe and stick to it. Cut back on everything else to get that debt paid off

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Take out a heloc.. that way you can write off the interest.

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I’m in the same boat and then some . Can you get a HELOC ?

Tighten up your budget and find ways to get extra income (temporarily). Anything around the house you’d be willing to sell? Use OfferUp or letgo

Line of credit against your brokerage account if you have one

Open a card with a no fee balance transfer, 0% APR first year promo. If you can pay everything off in a year, then great. If not, use the time to find a consolidated loan with a better interest rate.

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