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I Have a Great Credit Score But Want to Eliminate My High Interest Credit Card Debt. – Keith

“Dear Steve,

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

I am looking for a way to reduce my interest rates on my credit cards so that I may pay the 16000 dollar debt off in a reasonable amount of time. I want to pay it but the high interests rates are not allowing me to do so. I have a great credit score and want to keep it that way. Thanks in advance for your help.

Keith”

Dear Keith,

THe most logical way to do that would be to explore a fixed rate unsecured debt consolidation loan through LendingClub.com. It is a person-to-person lending network so the rates are usually lower than banks charge.

The loan will be reported to the credit bureaus so it will help to keep up your credit.

Please update me on your progress by

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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