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I've mentioned before that my fiance has $20,000 in CC debt. He has been having trouble meeting the minimum payments for each card. He does NOT use the cards anymore, but he is only able to pay the very minimum required...basically the interest. He has no income as of now and is going into his last year of law school.
I was thinking - would it make sense for him to join a credit union and apply for a personal loan? They have them for up to $10,000 at 9.9% APR.
Also what does secured, unsecured and variable rate mean?
Thank you.
I was thinking - would it make sense for him to join a credit union and apply for a personal loan? They have them for up to $10,000 at 9.9% APR.
Also what does secured, unsecured and variable rate mean?
Thank you.