I have been lurking here for awhile now and finally decided to bring my situation to ya'll! Lots of great advice on this site.
I have aquired quite a bit of credit card debt and have decided that its time to get rid of it! I have a little bit of money that I can spare from my tax return and also have a 0% APR card that is available to me. What would you do if you had the accounts below?
CC#1 - $1797.69 - 24.99% APR - Min Pymt $57.40
CC#2 - $859.86 - 22.99% APR - Min Pymnt $33.00
CC#3 - $1848.51 - 22.74% APR - Min Pymt $54.17
CC#4 - $1935.89 - 0% APR until 11/14 - Pymt before interest accrues $193.68
CC#5 - $692.79 - 0% APR until 2/15 - Pymt before interest accrues $52.19
CC#6 - $690.00 - 0% APR until 3/15 - Pymt before interest accrues $50.00
I have $2000 that I can put towards this from my tax return and I also have a 0% APR until April 2015 with a $1500 limit.
I am just not sure where to start. In order to avoid interest on CC#4, I have to pay $193.68/mth. I thought about paying that one off with the money from my tax return and transfering something to the 0% card.
What should I do?
I have aquired quite a bit of credit card debt and have decided that its time to get rid of it! I have a little bit of money that I can spare from my tax return and also have a 0% APR card that is available to me. What would you do if you had the accounts below?
CC#1 - $1797.69 - 24.99% APR - Min Pymt $57.40
CC#2 - $859.86 - 22.99% APR - Min Pymnt $33.00
CC#3 - $1848.51 - 22.74% APR - Min Pymt $54.17
CC#4 - $1935.89 - 0% APR until 11/14 - Pymt before interest accrues $193.68
CC#5 - $692.79 - 0% APR until 2/15 - Pymt before interest accrues $52.19
CC#6 - $690.00 - 0% APR until 3/15 - Pymt before interest accrues $50.00
I have $2000 that I can put towards this from my tax return and I also have a 0% APR until April 2015 with a $1500 limit.
I am just not sure where to start. In order to avoid interest on CC#4, I have to pay $193.68/mth. I thought about paying that one off with the money from my tax return and transfering something to the 0% card.
What should I do?
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