Your only options are transferring the balance to another card, which will likely cost you a balance transfer fee and could offset any savings of interest you were hoping to achieve. If you are considering an equity loan, that would make matters worse by converting an unsecured student loan and credit card debt into a secured debt--never a good decision.
By far your best option is to reduce your existing debt as rapidly as possible by paying more than the minimum payment, or see if your creditor is willing to lower your interest rate.
- I need to pay off a line of credit and a couple credit cards. What's the best way -- balance transfers or loan or just pay off one at time?
- I recently became disabled, but I have credit card debt. What are my options?
- Do you have to be a student to apply for a student credit card, or are these applicable for recent graduates as well?
- Are Discover Card credit cards any good?
- Which bank offers the best debit card?
- Is a credit score of 725 considered good?
- Why do you rate American Express credit requirements as "good credit" to secure a card? I thought to qualify for an American Express card you have to have excellent credit.
- Supposing you have a perfect credit score of 800 or better; which credit card offers the highest credit limits?