First off, I’m new to the whole DR thing. All I’ve really done so far is sell stuff I don’t need, work harder on more side hustles and gone all-in on the mindset of spending, all in cash, as little as possible.
And it’s made a difference, a big difference, but I’m still barely making enough on the payments.
All that being said, I was considering taking out a loan to pay down all my credit card debts.
My credit score is currently 724, and I know sticking with Dave, it’ll go down.
The lowest APR on any of my cards is my Amex, and that’s at 17.9%.
I was approved for a loan at 10.9% APR that will pay off all the other debts with a higher APR, and will cut into the Amex as well.
I know Dave says no. But I’m having a hard time wrapping my head around why not.
Please help me out guys!
Submitted April 06, 2019 at 09:29PM by krunchyfrogg http://bit.ly/2G3WEs1
