With 30,000 in credit card debt, 20,000 in loans, is consumer credit counseling best or should I try to consolodate 6,000 more in fixed loan and ccc the rest.? Or Bankruptcy? Right now credit cards are increasing APR’s and I feel like I am drowning. Credit rating is 680’s. I also have two open cards with zero bal and 5,000 each limit. Should I close them, I have never used them but they’re from a preditor loan company.
Close the two credit cards that you have not used and talk to someone about a debt management program to lower your interest rates. Do not consolidate any in a new loan.