Want to know the absolute worst ways to pay off credit card debt?
Here’s what you need to know - and what to do about it.“Maybe your credit card debt will just go away if you forget about it?” Nice try. Whatever you do, don’t skip your monthly payments. It’s one of the fastest ways to destroy your credit score. You’ll owe more interest and late fees. Even if you’re facing financial hardship, contact your credit card company in advance and discuss potential options. That may sound uncomfortable, but it’s much better than simply missing a payment.
Personal loan rates start at 5.99%. Of course, you should only consolidate credit card debt if you can qualify for a lower interest rate than you currently have on your credit card debt. You should apply to multiple lenders and consider a qualified co-signer to increase your chances of approval.Do This Instead:
Apply to consolidate credit card debt. You can apply online and funding to your bank account can be within days.
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