Low Interest Debt Consolidation Loan

I have about $ 10,000 of credit card debt. The cards were distroyed for about 9 months. I always pay more than the minimum amount due, never been late payments, I can not make progress. I pay almost $ 400 a month combined and it is just one thing. I tried to apply to low / no interest card balances to pass, but because I have too many "revolving credit", they turn me down. Second, each investigation on my credit for trying to solve my problem also causes red flags on my credit file. My credit score is around 660 the last time I checked. I'm not a deadbeat, I work really hard to solve this problem. I contacted debt management and they told me because I have decent interest rate and I am making payments, they can not help me. Is there a person who personally moderately weathly lend me money at a low interest rate??? I do not know what else to do.

Firstly, I congratulate you do not use credit cards for the last 9 months. You seem to have knowledge wanting to get out and you're not shelving more debt. You said you destroyed the cards, just make sure you do not close the accounts.

What are your current interest rate? Have you called your current position if cc companies lower your current rate? Jump to http://www.bankrate.com/brm/news/cc/2002 ... for more information.

I suggest going on the Oprah Winfrey site alimony. It has some useful tools to help you. http://www2.oprah.com/money/debtdiet/mon ...

You also must consider your monthly expenses. I suggest creating an Excel file where you list your monthly expenses from your rent / mortgage to your store. Do you have cable, eating, movies, etc.? If yes, what are luxury items, if you want to pay them I suggest you cut this type of charge if you want to get your debt. Once you see where you spend your money, you will be surprised by $ 3, $ 5 there .. who knew he was going so fast.

I know it seems like a huge mountain to overcome, but with time and discipline it can be done. You're on the right track in trying to get cards balance transfer credit. Do not worry about your credit score, either. As long as you make your monthly payments on time, you will be able to do that on the carpet.

Get valuable advice on consolidating debt http://moneymentor.cashmatter.info. This is a very useful website. Report Abuse

Are you an owner? Is the cheapest way of doing things. I avoid credit counseling services, because you're making the payments and consumer credit seems almost as bad as bankruptcy your credit file.

You can not borrow your way out of debt.

First, make a monthly budget and live by it.
Second, list your debts smallest amount ot higher. Attack the smallest and the minimum payments on another.

When you begin to repay them and crossing your list snowball of debt, you will get a feeeling of accomplisment.

See Dave Ramsey site. My wife and I took his class and are free of debt "

If you want out of this, the first thing you have to do is establish a budget: http://financialbasics.blogspot.com/2006 ...

Then you must decide the total amount that you want to spend to repay your credit cards, but there's a catch. Pay a little more than the minimum.