Credit card debt

Using my credit card became an habit and I'm currently 16,000 in debt. My question is do I A. Get a loan to pay it off or B. Save and pay it off. I ran the numbers and I could pay it off in about 8-9 months

2 Answers

Vote up!
0
Vote down!
0

Along with the options stated above, you can take professional help to repay your debts. Or, saving the amount and paying back dues is the best strategy.


Vote up!
0
Vote down!
0

You can take out a consolidation loan. But, make sure you make the payment of the new loan, otherwise, it can take a toll on your finance further.

What is your monthly income. If it is a decent amount, then I would suggest for repay the debt by your own.

Talk to your creditor to get a suitable repayment term. Craft a budget and eliminate every unnecessary expense. Make payment as much as possible.


Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 5 and 0


Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV


Page loaded in 0.146 seconds.