Hello---
I am looking for a way to consolidate my high-interest credit cards (two cards at 18%, approx $9000 total balance). My credit rating is fair to good.
I have a clear title on an automoble ('95 in good cond.) that is worth approximately the CC debt amount. Would it be better to:
1) Sell auto to pay CC and finance new auto?
or
2) Seek a debt consolidation loan.
3) apply for lower interest credit cards?
Thanks
BWB
Laying out the options is the right way to approach your situation. I believe options 2 and 3 deserve looking at closer. The question I have is how much can you afford to pay each month to either a credit card, debt consolidation loan or new car loan?
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