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You should look into Tally if you can. It is a line of credit that will likely give you a better interest rate than your credit card, and will pay off your higher interest card(s), and you then pay them instead. It's only a soft inquiry on your credit report, so no ping, and it isn't reportrd (unless you don't pay them). I've been using it for a few months now and got a 9.99% APR vs. the 22.99% and the 16.99% on the two CCs I hooked up to it.
Just a thought on paying it off: start with your smallest debt first, then the next smallest, etc. Save your biggest debts for last. The idea is to gain momentum and see immediate positive feedback that will motivate you (yes, this is Dave Ramsey’s “snowball method,” but it totally works).
Not for CC debt, but I used sofi to refinance my student loans and got an astronomically better rate. Rule#1..stop using your credit card! And then once you have the debt under control set your Autopay to pay off the full statement balance each month.
If you have credit card debt, or any debt for that matter, I strongly suggest reading The Simple Path to Wealth by JL Collins. It will put your personal finances in order. Better yet, the audio books is great.
Based on your recommendation, I downloaded it to my kindle last night and started reading. It’s chilling to read some of my own destructive thought patterns about debt. I’ve been very naive (maybe even desensitized!) about taking on and holding debt. It’s time to start taking control. Thank you so very much for your recommendation!
Same. National Debt Relief