Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
totty102

0 Contributions
0 People Helped
CareCredit deferred interest ending soon....
I have $5000 balance that was 0% for 6 months. This deferred payment is up soon and I wondered what the best thing would be to do. Balance transfer on any existing cards isn't an option because my utilization is a little high (40+%). I have 3 other credit cards with balances around 35-45% utilization each. I'm working to pay these down. They all have interest rates between 12.99 and 18.99. Would it be better to consolidate with a loan rather than apply for another credit card, which may not guarantee a credit line to cover the $5000? I also don't want to add another credit card with higher utilization.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.