Advice on how to get out of debt

Advice on how to get out of debt

Posted in the Credit Card Debt Forum

Ell

New York, NY

#1 Jan 27, 2012
I know some of the usual stuff such as spend less... never use the card again, pay more than the minimum etc.
Unfortunately, I had serious medical expenses and ran up a debt of around 16000 with an APR of 24.24%
I have another card with a 7500 limit with a 6.something APR. This card is empty,
I have the following 3 options, which one makes the most sense?
1. Transfer $7000 to the new card with the lower interest rate, and continue using the higher interest card for daily purchases, but work harder to pay it first.
2. Transfer $5000 to the lower interest rate card, freeze the higher rate card, and use only the lower interest rate card for purchases. I would then have to work on paying them off equally, since I need some room to spend money.
3. Freeze the higher interest rate card, and only use the lower rate card for purchased. I don't think this option make sense.
What to you suggest?
Lynett

London, UK

#3 Mar 26, 2014
This is the first time I had ever applied for a loan. I couldn't have asked for anything more from the staff that answered any of my questions to the application process. Once this had all been completed the money was transferred quickly into my account. I will definitely be recommending 911PDAY .COM ( http://goo.gl/l0GrbF ) too my friends and family.

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