Monday, June 21st, 2010
I want to pay off a high rate credit card. What would be the better choice to help preserve my credit score?
Confused1 asked:
I am debating between a personal loan at a much lower interest rate or transferring the balance to a new card @ O% apr. I am overly certain that I could pay the balance before the 0% period is over. The transfer fee seems worth it since it is less that one month’s interest charge. So my question is which will hurt my credit less?
I am debating between a personal loan at a much lower interest rate or transferring the balance to a new card @ O% apr. I am overly certain that I could pay the balance before the 0% period is over. The transfer fee seems worth it since it is less that one month’s interest charge. So my question is which will hurt my credit less?
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