Archive for December 29th, 2009
Using a Capital One loan for Debt Consolidation?
JD asked:
I just recieved a letter in the mail saying that Im eligible for a loan of 5k, 10k, and 15k through Capital One. The 10k loan for 36 months would be a little higher of a payment that Im paying now for all my credit cardsm but the 36 month one would be slightly less. I didnt know if this would be better to get in a way to “hide” my credit card debt in the form of a loan? And in a way that I wouldnt have 3 credit cards against me, just one loan.
Valerie Moorehead
I just recieved a letter in the mail saying that Im eligible for a loan of 5k, 10k, and 15k through Capital One. The 10k loan for 36 months would be a little higher of a payment that Im paying now for all my credit cardsm but the 36 month one would be slightly less. I didnt know if this would be better to get in a way to “hide” my credit card debt in the form of a loan? And in a way that I wouldnt have 3 credit cards against me, just one loan.
Valerie Moorehead