How to manage revolving credit
After my divorce a few months back, I got my marital house sold off. But then it did not affect me in any way. However, due to 35k in revolving credit, I have a high debt to income ratio. I feel that once the mortgage lender reports the selling off the property, my credit scores will improve and also reduce my debt to income ratio.
I want to know what\'s the best strategy for going ahead… get a good 0% transfer to another card for 12-18 months, a time frame I believe I can discharge my remaining debt in or take out a loan against my 401K?