Of our debt villains, Moriarty and Saruman are with the same bank. I called to try to see if I could combine them and lower our interest rate or our total monthly payment (so we can focus on another debt, probably Vader, with intensity). No dice.
Opening a credit card is something I am philosophically opposed to, even one with 0% interest or a bonus for balance transfers. However, in this situation I am tempted. I would not be using it to make any purchases, and I would actually be reducing our credit card count to one (though the total amount owed would stay the same). What would you do in this situation?
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3 months ago
Artful Frog · 870 weeks ago
I wouldn't get a credit card, even if you say that you're not going to use it for purchases which is easy to say now that you don't have that card yet. But it is a temptation when you have one. Plus now with all the money issues that our country is having, banks may start by saying that it won't have interest now-but they will once they can find an excuse to place interest on your account.
But hey, thats what I would do. It's really up to you.