I owe $15,000 on credit cards with an interest rate of 15%. Should I get a debt consolidation loan?

Q. I owe $15,000 on credit cards that have an average interest rate of 15%. Should I get a debt consolidation loan?

A. This will depend on the type of loan you can get. If you are able to get a personal loan at, say, 9% it could make sense.

Let's suppose you could pay $600 a month on those credit card debts.

In this case it would take you 31 months to get rid of it and would cost you $3,097.97 in interest.

If you were able to get a debt consolidation loan for $15,000 at an APR of 8.253% for...

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From: Paul Ritz

Related topics : loan consolidation credit card debt / debt consolidation loan interest rates / can i get a loan

Personal Loan Repayment Calculator

Personal Loan Repayment Calculator

Need money for home improvements, debt consolidation or unexpected expenses? A Personal Loan may be the answer. A personal loan will give you cash to use on any splurge or expense. Unlike a line of credit, the loan is repaid at a fixed interest rate over a specific period of time. You can research personal loan rates at Bankrate, then enter your loan amount, term, interest rate and start date below to find out what your monthly payments would be.

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From: Online Insurance Policy

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Debt consolidation Loan UK

SFS Finance has the largest network of quality lenders, which are efficient in their work. Sfsfinance is providing debt consolidation loan where interest rate as low as possible for you.

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From: Adam Cristian

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Payday loan consolidation helps you out of pdl trap

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Payday loan consolidation helps you tackle pdl debt with ease. With pdl consolidation, you can pay off payday loans at low interest rates and avoid getting calls from creditors.

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From: DebtConsolidationCare

Related topics : debt consolidation loan interest rates

Employing Debt Consolidation Loans For Bad Credit

Is it possible to improve your credit rating using debt consolidation loans for bad credit? Actually it can, and in fact, it is probably one of the best routes to take to boost your credit score and still reconfigure your debts to make them easier for you to pay back.

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From: dlathanful

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Debt Consolidation Loan in UK sfs finance

SFS Finance has the largest network of quality lenders, which are efficient in their work. Sfsfinance is providing debt consolidation loan where interest rate as low as possible for you.

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From: Adam Cristian

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Easy Interest Rates And Terms - Debt Consolidation Loan

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From: Jamie Quinn

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Debt Consolidation Loan - Easy Interest Rates And Terms

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About the Author:

Francisco Rodriguez

Is Debt Consolidation Necessary?

Permission is hereby granted to reprint this article as long as proper credit is given including the information and links.

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From: theduilawyerattorney

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Peak Home Loans - Mortgage Refinancing

Site Includes Free Information About Mortgage Refinance, Home Loans, Home Equity Loans, HELOC's, Debt Consolidation, Home Improvement, Credit Cards, Home Affordable Refinance Program, Reverse Mortgages, FHA Refinance, VA Refinancing, Interest Only Home Loans, Fixed Rate Home Loans, First Time Home Buyer Loans - All For Good To Poor Credit. Includes Mortgage Calculators, Current Interest Rates, Mortgage Advice, Foreclosure Help, Bankruptcy Facts, Mortgage Glossary, Daily Updated Blog,...

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