I’ve had some unfortunate life events in the past that led me to accumulate credit card debt. I’m in a much better position now so I’ve been working hard at putting this debt behind me!!
So far this year I’ve paid off 4 cards/loans totaling around $11,500 using the “snowball” effect starting with the smallest debt first. At this point I’m down to $18,000 on one card, and $9,000 on another.
These are both high interest. Does it make sense to consolidate them into a loan so I have one payment with lower interest, or maybe transfer to another credit card that offers a no interest period.
I’d love to hear what has worked for others!