Help ! Credit card consolidation

[ranku_mogudu]

 I have around 15K USD in credit cards maxed up and their APR is increased to 19 and 22% .  It takes me more than 2-3 years to clear but doesnt have that time. Any ideas or suggestions to consolidate them sooner and at lesser interest rates?

[Viperrr]

open new credit card with 0% apr for 18 billing cycles... balance transfer from new to old...... 

[ranku_mogudu]

Just now, Viperrr said:

open new credit card with 0% apr for 18 billing cycles... balance transfer from new to old...... 

How does balance transfer work? 

[Aryan1]

Apply for a personal loan with Lending Tree, Lending Club, Discover or Amex they usually give personal loans upto 25K with APR starting from 6.99 

[ranku_mogudu]

1 hour ago, Aryan1 said:

Apply for a personal loan with Lending Tree, Lending Club, Discover or Amex they usually give personal loans upto 25K with APR starting from 6.99 

After that?

[ranku_mogudu]

LTT

[Akkumm_Bakkumm]

2 hours ago, ranku_mogudu said:

 I have around 15K USD in credit cards maxed up and their APR is increased to 19 and 22% .  It takes me more than 2-3 years to clear but doesnt have that time. Any ideas or suggestions to consolidate them sooner and at lesser interest rates?

Maxed up and interest rate kuda perigindi ante ni credit score chala padipoyi untundi. Koncham time tiskunna oka 4-5 months lo atleast 10k ala payoff cheyyi so that score perugutundi then apply for a new credit card with 0% APR and use it. But pay off the rest of them by paying minimum payments for the new card.

[TampaChinnodu]

1 hour ago, ranku_mogudu said:

After that?

You need to pay back in monthly payments. 

[mummadi]

Look for new credit cards with 0% interest on balance transfers and with no fee. Not just apr 0%

 

https://www.frugaltravelguy.com/2017/12/balance-transfer-cards-to-pay-down-your-holiday-shopping-bill.html

Edited December 28, 2017 by mummadi

[mummadi]

https://www.frugaltravelguy.com/2017/12/balance-transfer-cards-to-pay-down-your-holiday-shopping-bill.html

[Android_Halwa]

6 hours ago, Aryan1 said:

Apply for a personal loan with Lending Tree, Lending Club, Discover or Amex they usually give personal loans upto 25K with APR starting from 6.99 

This option doesnt work at all....Now that the credit cards are maxed out, the credit rating must had fallen to 600- levels...

and, as the APR on credit cards has already increased from 19-22%, that means the credit rating had been hit badly already. 

And at this stage, if anyone goes for personal loan, the APR will not be less than 20%. However, it is still a better option to pay 20% APR on personal loan than 19-22% on Credit cards.

Chances to get credit card will also be very low at this situation. Only way is to raise funds on your own and be responsible going further.

[Picha lite]

5 hours ago, Akkumm_Bakkumm said:

Maxed up and interest rate kuda perigindi ante ni credit score chala padipoyi untundi. Koncham time tiskunna oka 4-5 months lo atleast 10k ala payoff cheyyi so that score perugutundi then apply for a new credit card with 0% APR and use it. But pay off the rest of them by paying minimum payments for the new card.

Ayaanee unte @bhaigan enduku ani... 15k lo 10k kattamantunava

[Picha lite]

13 minutes ago, Android_Halwa said:

This option doesnt work at all....Now that the credit cards are maxed out, the credit rating must had fallen to 600- levels...

and, as the APR on credit cards has already increased from 19-22%, that means the credit rating had been hit badly already. 

And at this stage, if anyone goes for personal loan, the APR will not be less than 20%. However, it is still a better option to pay 20% APR on personal loan than 19-22% on Credit cards.

Chances to get credit card will also be very low at this situation. Only way is to raise funds on your own and be responsible going further.

Nuvvu ila ante ela kaka edo okati chey

[Android_Halwa]

18 minutes ago, Picha lite said:

Nuvvu ila ante ela kaka edo okati chey

samrajyavadam .....bahula jaateya samsthala adhipatyam...banking and financial diggajalu kalisi adutunna milibhagat khel ie credit history and scoring system...

ekado akada...evado okadu..elano ala dorkutadu...ie ranku mogudu kaka itla dorkipoindu....

jara time padtadi bayataki raanike....deep ..!!! 

[Akkumm_Bakkumm]

1 hour ago, Picha lite said:

Ayaanee unte @bhaigan enduku ani... 15k lo 10k kattamantunava

20k annadu kada...!! monthly 2k kattadam is reasonable know. Single ga undi 2k kuda save cheyyatle ante US lo undi waste. Married ithe its a different story.