LogFAQs > #959002329

I did one once and I used my bank. A low fixed interest rate.

You want to borrow $5 and pay back $6...or $7 The loan then splits that up into payments and you know what the actual debt is for its entire life.

Mine was $10k and I paid back $12.25k over 2 years. Something like that.

The deal was I closed my CC accounts that this loan was paying off, which the CC companies don't have to honor, and the bank was the one to contact them to close. That was what I did...too many minimums. All I had to do was go into the bank, negotiate the deal, then wait to see if any kept open accounts. Cut up the ones confirmed closed.

6-7 accounts closed, 1 stayed open. Debt paid off. A year after paying it off, the bank issued me a new card through them again with it's low rate honored.

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