Consolidating Credit Card Balances

Post subject: Consolidating Credit Card BalancesGuest: Board Monitor
Posted: Fri May 27, 2005 4:34 pm

This message posted by e-mail request from one of the visitors to our site:

I would like to consolidate my 3 credit card balances into a lower interest credit card. Having trouble getting help from anyone. My total debet is 2400.00. Thanks for any help!
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314

Guest: Daniel
Post subject: Consolidating Credit Card Balances
Posted: Sat May 28, 2005 11:45 am

With just the limited information it’s pretty hard to make a suggestion.
What are the balances versus limits on your cards?
What is your FICO score?
Are they delinquent or do you have a negative history?

If I speculate I would assume you have a short credit history with cards around a $1000 limit each.
Carrying this further it would mean that you have high utilization which in and of itself with the short history may limit choices.

Have you called and asked for an APR reduction with your current creditors?
Can you pay the cards down to below 50% of the limit ?
Another possible alternative might be a local credit union; but without additional info it’s all speculation.

Good Luck

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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Consolidating Credit Card Balances
Posted: Sun May 29, 2005 4:12 pm

There are 0.00% BT OFFERS all over the place (EVEN IN THE SUNDAY NEWSPAPER...COUPONS)

Guest: guessindigo
Post subject: Consolidating Credit Card Balances
Posted: Sun May 29, 2005 5:36 pm

Yes mouse is right. pick up any sunday paper, you'll come across a plethora of 0% offers on BT's. It's up to you to choose which one. It's highly competitive out there. A consumers market, take advantage of it.

Guest: Board Monitor
Post subject: Consolidating Credit Card Balances
Posted: Mon May 30, 2005 8:50 am

Also, be sure to check out "Card Reports" section here:

http://www.cardratings.com/cardrepfr.html
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314