Does anyone have any ideas for refinancing credit card debt? (Page 2)

This topic was created in the Miscellaneous forum by Stensco21 on Friday, January 13, 2017 and has 55 replies.

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@Stensco21
12 Years1,000+ Posts

Posted by Stensco21

Posted by DivaCanLeo
what are your habits now stenso....like how do you spend your money?

I have no children and I'm a realtor. Only problem is my license is in Oklahoma and I moved to Texas after split w ex. Relied heavy on my credit cards for the move and I'm very impulsive with money. This credit card thing is the most debt I've ever had not including a car note.

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@Stensco21
12 Years1,000+ Posts

Posted by DivaCanLeo
These are the questions I have:

1) do you have children

2) how do you spend your money

3) Are you a student

I ask these questions because 1) you can start a secondary job to pay off your debt 2) Eat more at home 3) Don't go shopping as much 3) Transfer balances to 0% interest cards

and do the snowball thing or pay the higher interest cards first...then attack the others...

I'm def getting a second job. And calling credit unions and trying balance transfers today.

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@Stensco21
12 Years1,000+ Posts

Posted by nikkistar

Posted by Stensco21

No I don't have anything I could use for collateral and don't want to bother someone to be a co-signer..

Also is my credit card minimum payment increasing because the change in recent interest rates lately? It's increasing 10-15 dollars a month.

Yes, that is why. That's what most people don't realize about most credit cards.

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Yes that's why I charged my car so high. I didn't realize this. Makes sense now.

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@Stensco21
12 Years1,000+ Posts

Posted by cheekyfaerie

Posted by Stensco21

Posted by cheekyfaerie

Posted by Stensco21
Also I just changed jobs how will effect my employment when they ask at credit unions or for a balance transfer?

Ew. They're gonna ask your income and it doesn't sound like you have much at the mo. :/

I know

As soon as you can tho, a balance transfer to a 0 APR for 15mths or so will give you time to chip it down and keep rolling it over again.

My suggestions to you are:

1) sign up with Credit Karma. Totally free and they will give you the tools you need to slowly improve, on a daily basis, things that will ultimately improve your credit score. They'll even give you your odds of being accepted for certain cards, without your credit having to take a hit and then get denied anyway.

2) Digit. It's a savings account that sneakily takes out a little here and a little there, going off of your spending habits. You can set it so it won't make a deduction if your account falls below a certain amount. You can deposit more savings into it or transfer back into checking at any time.

Last year, with Digit, I managed to painlessly save $ 550 in less than 3mths. Can't tell you what a blessing that was when an unexpected "act of god" popped up not 2wks before my vacation!

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Okay awesome I will try all of this