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There are credit cards that will let you do that. It may make sense to do so. If the credit card is at a lower interest rate it could make sense to consolidate debts into a single payment.
But make no mistake, credit card interests rates are often extremely high. And when they do that sort of thing, they WILL charge you as if you had made a cash advance, paying interest from the day you transfer the balance, and you pay a percentage transaction fee. Read the fine print carefully! You are trading one debt for another debt, not making anything go away. If you can't pay the current debts, you may not be able to pay the credit card debt.
Look for a lower-interest loan to consolidate your debt. Your local yellow pages should have a listing for debt consolidation.
What else can I help you with?
Can you get out of credit card debt?
Yes, you can. Simply pay the credit card company what they are owed, or have the debt written off.
Where can I learn how to quickly pay off my credit card debt?
Typically classes regarding paying off credit card debt are offered by community based organizations. The best bet for paying off credit card debt is to go see a credit couselor.
Is paying off your credit card bad?
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
How is getting out of credit card debt possible?
There are companies that offer assistance with getting out of credit card debt. It is possible to get out of credit card debt by carefully watching spending and managing income and expenses, then slowly paying off the debt.
Can you get out of credit card debt?
Yes, you can. Simply pay the credit card company what they are owed, or have the debt written off.
Where can I learn how to quickly pay off my credit card debt?
Typically classes regarding paying off credit card debt are offered by community based organizations. The best bet for paying off credit card debt is to go see a credit couselor.
Is paying off your credit card bad?
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
How is getting out of credit card debt possible?
There are companies that offer assistance with getting out of credit card debt. It is possible to get out of credit card debt by carefully watching spending and managing income and expenses, then slowly paying off the debt.
What do I do to get out of my credit card debt?
In order to get out of your credit card debt you must start to pay off your debt and this can be acheived by budgeting rather harshly. The quicker you save, the quicker your debt will be wiped out.
What is a credit card balance A?
It is the balance on your account, indicating either how much money you owe or if you have some money in the account.
How can someone pay off their credit card debt?
There are many companies in exsistence today that can help people with growing credit card debt, such as; Consumer Credit, Care One Credit, and a company called Credit Card Debt. One of these services will steer you in the right direction in lowering and eliminating your credit debt.
How can you get ge money to settle a old debt and put it on a new credit card?
To settle an old debt using a new credit card, you can apply for a credit card with a promotional balance transfer offer, which allows you to transfer the old debt to the new card, often with a lower interest rate or no interest for a set period. Before doing this, ensure you can manage the new card's payments to avoid accumulating more debt. Additionally, consider negotiating with the original creditor for a settlement amount that may be lower than the full debt. Once settled, you can use the new credit card to pay off the agreed amount.
How can one pay off student credit card debt?
There are many ways to pay off student credit card debt. Some of the ways to pay off credit card debt are borrow against life insurance, get a home equity loan, renegotiate the term with a creditor and many more.
If a relative dies and you were paying their credit card debt for them and you are an authorized user of that card are you then responsible for paying off that card debt balance?
No.
Is it bad to immediately pay off credit card debt?
Paying off credit card debt immediately is generally a good idea because it can help you save money on interest and improve your credit score.
