Not including my mortgage and auto loan, I currently have about $21k in debt that I’ve amassed over the last few years. Just under 7k is in a consolidation loan and the other 14k is credit cards. 30 years old, make just over 70k a year. I recently saw the light and started budgeting (best decision I’ve made with my finances thus far) and really feel in control of my money for the first time probably ever.
I’m currently paying minimums on all loans except the one with the highest interest rate. Once that’s paid off, I’ll roll over the current payment into the loan with the next highest interest rate and continue that until all the debt it paid off.
My question is if I should consider taking out a consolidation loan on the remaining debt and then have just two payments towards the debt a month or continue with the handful I currently have?
If you need/want any more information I’ll gladly provide it. Thanks in advance 😀
Submitted January 31, 2019 at 02:52PM by donman14 http://bit.ly/2DNfSkA
