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/biz/ - Business & Finance

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11502997 No.11502997 [Reply] [Original]

Would taking a loan out to pay off my cc debt be smart?
Allow me to elaborate, me and my fiance have differing forms of cc and loan debt ranging from $300 up to $2000ish. I have maintaining the debt to some degree, but my money is spread really thin. I've got a 730 credit score (per credit karma) so I might be able to get that loan, but would it be smart and would anyone have a suggestion to ease my monthlies

>> No.11503009

How can you be so stupid so wind up in such a shit situation retard

>> No.11503033

That's called refinancing and if you can get a lower interest rate then yeah it would help. Don't "maintain" the debt. Throw everything you can at it because that debt is way bigger of a problem than you think it is.

America's debt volume is much larger than the money supply. If you're in debt, you're basically playing musical chairs with money, only if you can't find a chair when the music stops, you lose everything.

>> No.11503068

>>11502997
>Take out loan to pay loan
Not gonna make it anon, my condolences

>> No.11503558

>>11503009
had an employer write 3 hot checks for my fiance which put her -2k$ in her bank account (thru a credit union). credit union agreed to wipe debt if she can make a 1200 dollar loan in 4 months (called a fresh start loan). prior to this we were doing fine, and had just taken our pets to the vet and ended up paying 600 for that and treating an abscess on one. on top I'm finishing up paying off a credit card that's been easy for the last 3 years (have 300 left out of a 3300 charge).

>> No.11503699

>>11503558
Is this having an effect on the relationship at all?