Reply To: Debt advice needed

I would absolutely not switch over to another credit card unless you know you can pay the balance off before the 0% is up. So, you’d have about six months?

Take this with a grain of salt, but I was in some Credit Card debt about 10 years ago. About $17k. I was able to pay off in two years. I now have no debt. I aggressively paid down the highest interest Cc first and did the minimum payments on the other. Then kept that up until all was paid off.

So, if your loan is low interest, concentrate on the CC debt and pay the min on the loan. CC’s usually have higher interest.

Oh, and as soon as that 0% is over on a new CC – the interest shoots up a lot. Which is why I don’t recommend unless you know you can pay it all off.