Some background: i have about $7500 in CC debt paying over 20% in interest. I recently went to my bank to see if i could get another CC or loan with 0% or low interest. I was approved for $2500 at 0% for 15 months. I transferred my debt from 2 cards on to the new one and they now have a $0 balance and i am making larger payments on the card that has the high interest rate and making minimum payments on the 0%. My question is would it be ok to cancel my $0 balance cards to free up some of my credit limit and would that maybe help if i applied for another CC or loan for a lower interest rate to consolidate some more of my debt?
Submitted October 08, 2018 at 02:37PM by hereforthemadness https://ift.tt/2zYYSG8
