Quote:
Originally Posted by jo_thorne
Are they going to charge you a large fee to do this? And will they give you a competitive interest rate? If you pay the consolidated loan off on their schedule, how much will you end up paying in total as a percentage of the capital? 150%, etc?
If you consolidate your debt, will you keep your credit cards or line of credit or whatever financial instrument you used while accumulating your current debt?
Concerned,
Jo ~~~ Spending compulsively since 1975
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Hi Jo, as for the capital it is only 700 dollars (18246 total debt, 18953 with their plan, 22530 total in payments) more than what I owe now total. They lowered the interest rate on all the credit cards considerably and my cards line of credit that will be included in this plan will be closed. I am keeping my lowest apr credit card out of it just cause I would like a card in case of emergencies etc....