Credit consolidating Chat and sex avatar
Consolidation works best when your ultimate goal is to become debt-free.This type of credit card charges no interest for a promotional period, often 12 to 18 months, and allows you to transfer all your other credit card balances over to it.Adding 5-10 monthly credit card bills can overwhelm your bill-pay. Going on vacation or having a hectic few days can result in several late payments and hundreds of dollars in fees.
Ideally, that new debt has a lower interest rate than your existing debt, making payments more manageable or the payoff period shorter.
If you are juggling multiple credit card bills, you may benefit from the convenience of having one consolidated monthly payment.