I've accumulated about $4500 in credit card debt. I am paying $400 a month for it but the interest rate is eating a big portion of it. Should I see if I can apply for lower interest credit, like an unsecured line of credit or a low interest credit card?

I have no clue if an unsecured line of credit would have lower interest rate then my current credit card (my current is 20%). I'm just throwing that out there in case it might (I will contact my bank and ask before doing any of this, just wanted a second opinion.)

In terms of the low interest credit card, assuming I'm approved, would it be a good idea to get one and transfer my credit card debt to it solely for the purpose of paying it off?

Submitted January 17, 2019 at 08:20AM by OmnicLivesMatter http://bit.ly/2CtNp18