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Debt Consolidation from Discover Bank
i received an offer from Discover to consolidate all my debt at a fairly decent APR. The only reviews I have found are on people who have bank accounts with them. Does anyone have any reviews on this or has anyone been offered this and taken it? Thoughts?
Asked by
ky05girl
4 months ago
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I took advantage of 0% balance transfer from discover, $5,000, to pay down 14% C.C. It hurt my credit score by over 20 points,although I'm saving $50.00 a month in finance charges? I don't understand. My C.C. utilization is 20% on 2 cards, but the discover is 75% even though it is 0%. There formula for credit scores does not take that into account. All I know is I'd do it again, screw the experts. LOL
sav825 2 months ago
I can't speak to the value of the specific offer. But I've been a Discover customer for nearly 20 years and can tell you they're one of the best companies I've ever done business with. Great customer service. Rarely make mistakes. Their bank pays a decent interest rate, too.
Clairissa 1 month ago