Best way to consolidate loans?

Discussion in 'After Hours Lounge (Off Topic)' started by JohnE, Jul 14, 2003.

  1. JohnE

    JohnE Supporting Actor

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    Well, as a full time student I had to cut back to part time work and as a result my credit card debt has soared over the last year and a half. I don't use my cards for anything frivolous other than a couple of books or dvd's a month, but it seems like when your hurting for money something always comes up. =(

    Anyway, is there a good way to go about consolidating my credit card debts under one low interest loan? Is this even a good idea? Anything?

    Any advice appreciated.
     
  2. Joe Szott

    Joe Szott Screenwriter

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    Do you own a house, car, or anything else of considerable value?
     
  3. JohnE

    JohnE Supporting Actor

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    Unfortunately no. I'm still paying on my truck and as a result of going back to school, I moved back into my moms house a year ago. [​IMG]
     
  4. DaveGTP

    DaveGTP Cinematographer

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    My credit union offers a Signature loan (unsecured) @ 12% interest. I did that once upon a time to pay off CCs (though they were promptly charged back up with major car repairs again). Recently, I got a loan at my CU. My grandma has money in her savings that she doesn't ever touch. She signed to use it as security for my loan. Since it is secured with cash, it was at 3.9% interest.
     

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