I have 6 credit cards totaling $6000, some of which have high interest rates. My bank will give me a consolodated loan with a low interest rate. I would like to do this and pay the bills off quicker.
However, I'm worried if this is the best choice at this time because I also owe taxes (state and federal) that I'm working with to do either an offer and compromise or a payment plan. My concern is they'll ask me to max out the credit cards again, which I can't afford.
Since my husband has had 2 surgeries, we're now living paycheck to paycheck and I can't seem to get the cards paid down, let alone the taxes paid off.
My plan is to consolidate the credit cards, get on a payment plan that allows me to build credit and then I can offer the taxes a plan that's feasible.
Is this a a good plan or does someone have another suggestion?
Thank you in advance.
However, I'm worried if this is the best choice at this time because I also owe taxes (state and federal) that I'm working with to do either an offer and compromise or a payment plan. My concern is they'll ask me to max out the credit cards again, which I can't afford.
Since my husband has had 2 surgeries, we're now living paycheck to paycheck and I can't seem to get the cards paid down, let alone the taxes paid off.
My plan is to consolidate the credit cards, get on a payment plan that allows me to build credit and then I can offer the taxes a plan that's feasible.
Is this a a good plan or does someone have another suggestion?
Thank you in advance.
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