So in November of last year I got married. I maxed out credit cards (I know, not the best idea) in order to pay for the wedding and set up our apartment to move in, because of this my credit score went from 780 to 682. I recently went over all of our debts and made a list of everything and now want to get a loan in order to consolidate and bring down the interest rate on those debts that have high interest. We are on a strict budget and manage to pay everything on time but I want to pay it down faster. Is it a good idea to pay it out at once in one fell swoop with the loan, or should I dish out a portion of it and keep 30% on the credit cards to help boost my credit? I'm not sure if it matters at this point. Advice?
Submitted April 19, 2017 at 02:49AM by Titoak http://ift.tt/2o2fgRT
