Credit Tips: Personal Loan to Pay Off Credit Card Debts

Posted On: August 9, 2006

Author: osudiz
Posted: Wed Aug 09, 2006 3:16 am
Post subject: getting personal loan to pay off credit debts?

Hi I’m a recent college graduate and I have credit debts from 1 card (10,000) and one other card (4700) so total around $15000 in debt. right now i’m paying minimum monthly payment fee for both of them, first card for around $400/ month and second card $150 per month, total $550 per month…

I was wondering, since my credit card APR rate is crazily high like over 20 percent, is it better for me to get a personal loan from bank for about 15000 and pay off the credit card and then repay the bank 15000 for 60 months? i don’t have a job yet, and i’m in dillema how to pay off the debt and monthly payment is too high for both cards… i don’t know what to do at this point. my credit score is 629

if the personal loan is good option, what is the good rate and any one can recoommned good personal loan bank? which rate is acceptable?? many banks offer educational loan, but i don’t go to school now, but i will atten grad school next year so i can’t get edcuational loan instead of personal loan rite?

Please help! I wanna get outta this debt AsAP, BUT it seems impossible rite now! I’m going to start working from next week, i don’t have any money left in bank… but the credit card payment date is coming up, I am going crazy… what are my options? the credit cards offer payment holidays or something for unemployeed ? or i need to bankrupt if i can’t pay monthly payment (minimum?)