Hi guys,
So I was laid off and had accumulated unfortunate Credit Card debt. While I do make payments to the CCs consistently, I find that with 22% interest, I'm not getting close to paying it off.
I've contacted my bank in regards to a consolidation loan; they offered me a good rate but they said the requirement would be for me to hold no credit card at all.
This isn't acceptable to me as CC is necessary in many transactions. It's not that I can't pay my CC bills, i just can't stand the interest and the time it's gonna take me.
I just want to make sure my payments are efficiently reducing my debt.
What can I do?
I'm working now but the job isn't that high paying so I'm not able to clear them up quickly.
Please share your advice, thank you.