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Averett · 04-22-2004, 05:27 PM

Hey guys, more questions

I'm being killed by my credit card debt. I know it's my own fault for getting myself into this spot, but I have got to get out of this hole. I'm trying my hardest to do this, but interest rates are killing me.

Recently I've opened up 3 new accounts so I could transfer balances over to those from higher APR accounts. But I still have a card with a $6,000 balance and 15.99% APR. This card is killing me.

I'm considering getting a $13,000 loan from my bank, with a rate of 8.99%. This is what they have listed on their website, so that may be a generic rate. I purchased my FICO score about a week ago so I could see where I stand. My score is 635. Apparently this isn't bad, but it's not good either.

My question is this. Do you think I would be approved for a loan with this FICO score?

Here's a bit more indepth info. My credit card info:

MBNA: $6,000 balance at 15.99% APR
Chase: $2,700 balance at 12.99% APR
Capital One: $3,000 balance at 8.90% APR
Bank of America: $1,200 at 0% APR until November, then it will go up to 8.99%

I also have a First USA card with a balance of $4,700 and an APR at 11%. I'm paying this card through AmeriDebt.

Oh, my car loan will be paid next May, so I'll have another $250 to put towards debt repayment.

I'm just trying to figure out what I can do

04-22-2004, 05:27 PM	#155 (permalink)
Averett Is In Love Location: I'm workin' on it	Hey guys, more questions I'm being killed by my credit card debt. I know it's my own fault for getting myself into this spot, but I have got to get out of this hole. I'm trying my hardest to do this, but interest rates are killing me. Recently I've opened up 3 new accounts so I could transfer balances over to those from higher APR accounts. But I still have a card with a $6,000 balance and 15.99% APR. This card is killing me. I'm considering getting a $13,000 loan from my bank, with a rate of 8.99%. This is what they have listed on their website, so that may be a generic rate. I purchased my FICO score about a week ago so I could see where I stand. My score is 635. Apparently this isn't bad, but it's not good either. My question is this. Do you think I would be approved for a loan with this FICO score? Here's a bit more indepth info. My credit card info: MBNA: $6,000 balance at 15.99% APR Chase: $2,700 balance at 12.99% APR Capital One: $3,000 balance at 8.90% APR Bank of America: $1,200 at 0% APR until November, then it will go up to 8.99% I also have a First USA card with a balance of $4,700 and an APR at 11%. I'm paying this card through AmeriDebt. Oh, my car loan will be paid next May, so I'll have another $250 to put towards debt repayment. I'm just trying to figure out what I can do __________________ Absence is to love what wind is to fire. It extinguishes the small, it enkindles the great. Last edited by Averett; 04-22-2004 at 05:30 PM..