$36,000 total cc debt (this is the total from 2 credit cards), making monthly payments of $650.00 between the two cards, barely covers any of the debt after paying finance charges accrued on the cards.
Is there a loan through a bank or well established organization that you can qualify for that will pay off the debts of the cards, thus combining the 2 totals and getting the payment into one (hopefully lower) monthly payment?
Obviously any loan is going to be dependent on your credit score. If you have a credit score above 650 you may be eligible for a fixed rate unsecured loan through LendingClub.com. LendingClub.com is a peer-to-peer lending network where people like you and me help fund the loan requests of people like you and me. In fact I am a lender on LendingClub myself.
The limit for a LendingClub loan is $25,000 so it won’t cover the entire balance but it will certainly be able to pay off or pay down your highest interest rate debt.
Check out LendingClub.com and let me know what you think.