I know the interst rate is different, but I would pay more on my car loan per month if it were possilbe. I just want my CC balance to go to zero.
Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?
This will require a third loan for enough money to pay off your car and your credit cards.
Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?
Really bad idea.
Work on paying off your credit card. Stop charging and put all the extra money you can squeeze out of your budget on the credit card till it is paid in full. Then don't use the card anymore. It doesn't sound like you have enough financial management skills to use a credit card wisely.
Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?
This is a great idea because it probably will lower the interest rate that you were paying on your credit card and it will give you a definitive term that you are paying for. Do you realize that if you pay the minimum amount each month on a credit card that you are set up for 30 years of payments? The only glitch here is going to be the value of your vehicle vs. the payoff amount. If you have equity in your car, a bank or credit union will be happy to do this. Credit unions tend to be a little more lenient in lending over the ACV of an auto so if there isn't any equity, you may be able to sell them on the lower %26quot;overall%26quot; payment to you and your ability to repay. You are definitely on the right track....
Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?
Terrible idea. Why would you want to hand over more money in interest to pay a car loan?
Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?
Probably best to have a rest.looks like you can get some ideas here.http://carloan.featured-resources.info/n...
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