MarkI
Distinguished Member
- Joined
- Sep 11, 2007
- Messages
- 2,926
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So here is the deal.... my mother currently has 10 credit cards with balances ranging from $350-$5000. The total of all 10 is roughly $23k. Some of them have interest rates as high as 24%. Basically she cannot keep up with the payments and is getting no where paying them off. Today I suggested she cut them all up and consolidate them all somewhere to get a dramatically reduced interest rate and finally start making some headway on them. Problem is I have no idea where she should look or contact??? any suggestions??
Also she has $10k cash coming in the next month or so that is all going to go toward paying these off. I am hopeful she can consolidate all 10 cards into one $23k bill with an interest rate near 6%. Any help in how to go about doing so would be greatly appreciated.
THANKS!!
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