Long story short, my credit score tanked and my debt ballooned after a bad marriage. The past year I've spent getting back on my feet financially and now I'm at a point where I can aggressively pay off my debt.
I have $7,000 in credit card debt currently. I just got approved for a 0% APR balance transfer card but they only approved $3,000 to transfer. I should be able to safely pay $500 extra to a balance, maybe even $1000. Should I:
a.) Apply for another balance transfer card and try to get the last 4k transferred at 0%. My credit score is around 660 now so that might be difficult. b.) Pay off the old CC with an interest rate. ($4k balance at 20% I think) c.) Pay off the new 0% balance and transfer the remaining balance from the old CC
I'm thinking of doing #1 because Credit Karma tells me that my lack of credit accounts is negatively effecting my score, so having more could be a good idea.
Thanks for the help!
Submitted January 24, 2018 at 06:54AM by arentyouangel http://ift.tt/2DCIyOZ
