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I need some advice to help us get out of credit card debt.

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Q. I need some advice to help us get out of credit card debt. We took out a large loan last year to do some work on our house. And we are able to pay over the minimum amount but the interest eats up most of that, and we can not put more that a few dollars in savings. Would it be a good idea to take out a bill consolidation loan?

A. -First thing is to put the credit cards away or cut them up till you get out of debt. A bill consolidation load would then be a good idea as long as the interest rate is a lot lower than the credit card's. -The only way to get out of debt

 


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