Here’s what has worked for me. I ws able to payoff the credit cards and kept a minimal balance on them afterwards.
The problem with paying off CC is that you feel like you can run the balance back up. It’s like an addiction…maybe two or three years and you are back at it.
What I do is go to a credit union and get a consolidation/signature loan. Use a sum of my cash on hand and the CU loan to pay off the balance. The CU loan is a fixed term loan with a fixed interest. Those CC’s are time bombs. They can inch up the interest on you and you won’t even notice it. Miss a payment or whatever and 25% there you are.
CC’s are tough.
