Current Credit Score:
Experian: 725
Creditwise and Creditkarma: 703
My current finances:
Overall 3200 a month after taxes.
Other bills total 2225 leaving me with 975
Current Credit Card Debt I'm Looking to Consolidate
| Credit Card | Amount Owed | Apr | Currently Monthly Payment (above minimum) |
|---|---|---|---|
| Best Buy | $984 | 0% | $137 |
| Capital One | $765 | 26.99% | $70 |
| Chase | $4107 | 25.24% | $164 |
| Totals | $5865.95 | $401 |
Loan I'm thinking about getting
Loan Issuer: Lending Club
Loan Amount: $7800 but technically is $7,488 after the initial fee since they are a online lender.
Monthly Payment : $242.84
APR: 10.35%
I'm wondering if I should do the loan or just continuing paying my cards. The payments I listed are above the minimum. Capital one would be payed off in 7 months. Best buy in 7 months. The chase is the one that will take around 3 years to pay off
I do have a new credit card that has a 8K limit, with a 0% balance transfer APR for 14 months, which then turns into probably around 20% APR after the intro period is over., but it seems like this wouldn't help very much since it's 14 months.
The way I looked at was if I transferred it to my 14 month 0% balance transfer card.
That would be $5865 / 14 month = $418 month
So maybe that would be better the option
Submitted April 29, 2019 at 02:56PM by lightyazaki http://bit.ly/2XTr32g
