Start Consoladating bills

Consoladating bills

But on the other hand, you’re probably going to end up carrying a very high balance on the new card, which is not ideal.

However, there are some very important steps to take to find the best debt consolidation tactic.

As of July 2014, the average credit card interest rate is hovering around 15%.

If you’re carrying debt on several cards with this interest rate, you might be shelling out hundreds every month in interest.

Although consolidating your credit card debt is advantageous in a lot of ways, there are a few questions to ask yourself before moving forward: The bottom line: Among its other benefits, consolidating your credit card debt has the potential to help your credit score.

Just be sure you’ve considered all the Nerds’ points before moving forward with consolidation.

If you’re not sure how consolidating your credit card debt will affect your score, take a look at the details below – the Nerds will tell you everything you need to know!

Rolling multiple credit card debts into a single consolidation loan has a lot of important benefits.

Dealing with debt on multiple credit cards is stressful, which is why many people consider consolidating their several debts into one.