credit card bills - Single Parents Online Chat Boards

credit card bills

Author	Topic: credit card bills
atwitsend Member	posted 03-14-2007 05:31 PM I don't think I made the right decision today. One of my credit card companies- are figuring the monthly payments differently so I would have to pay triple the amount I usually do ( keep in mind I don't even use credit cards anymore -this is debt from the marriage) so I consolidated all my balances on the cards to one-the interst rate is fixed but I went from a 11% on one, 9% on one, a 15% on one to a fixed 13%- my new minimal payment is going to be about $100.00 less than what I normally pay out in a month but the bank I went with told me I can be out of debt in about three years less than at the rate I was going with. Is bill consolidation smart as far as your credit report? Of course they told me it was.
jwg Member	posted 03-14-2007 06:17 PM Yes, bill consolidation is the way to go. It takes alot of pressure off from removing the multiple payments and you reach your goals faster. Good luck!
kimber72 Member	posted 03-15-2007 11:37 PM Often times you can negotiate with the credit card companies and they will lower your debt. My ex- sister inlaw did this, and I was shocked by how much they took off. I was actually pissed off becuase here I was not buying certain things becuase I spent to much else where that month, and they go to dinner a lot, she buys clothes all the time, and basically got it for "free" minus having bad credit. so call those companies and see what they will do for you.

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