February 2009 Weddings
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email help@theknot.com.

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

consolidate credit cards?

Has anyone consolidated their credit cards? Any advice or companies you can pass on to me? Much appriciated!
M/MC on 6/2010
DS: 12/19/2011


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Re: consolidate credit cards?

  • I did that once and took out a loan to do it.  I used Key Bank at the time,  but I would shop around and go with a bank that would give you the lowest interest rate.  I hated to take out a loan but it was nice to have only one payment.  You could also find a 0% credit card and transfer all your balances to that one card.  The only thing with that is that now a days it is hard to find a card that doesn't have a balance transfer fee.  So you wouldn't want to pay a multiple fees if you are transfering from multiple cards.  Just a thought.  HTH.  Smile

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  • I agree with what Stacey adn Sam posted.  It's hard to find a card that doesn't have a balance transfer fee PLUS 0% or a low interest rate period.  I did the same thing Sam did adn just got a loan from my credit union and paid them off like that several years ago.  It was really nice to do that and to get them all paid off at once.  have you looked into maybe doing something like that?
  • As the other ladies have said, if you can qualify for a low-interest (meaning lower interest than any of your existing credit cards) personal loan it's a good idea to consolidate.  Using a lower interest credit card used to be the way to go but, they are virtually non-existant any longer, even for those with perfect credit.

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  • Thanks for the info ladies! Ive never had to consolidate credit cards before. I just think its the smartest thing to do before starting a family. Ill have to look and see if I can get a credit card with 0% transfer and interest on it.

     

    M/MC on 6/2010
    DS: 12/19/2011


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