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!


Posted in Credit Cards
Profile Image

Question By

4 Contributions
4 People Helped
How can I get rid of the interest-hungry Synchrony (former GE) without hurting credit score much?
I have 4 or 5 different credit accounts with Synchrony Bank, the ones who partner with various popular online retailers and offer you X months free financing on purchases over Y dollars, and then if they see you are paying your bills they continuously raise your credit limit while charging you enormous interest, thus sinking their teeth into naive young people who don't really understand how credit works, like I was, and now through a series of bad decisions in weak moments I have a large amount of high APR debt that I need to get managed.

I don't need to reconsolidate all my debt, I am able to make all my monthly payments. But I would like to find a way to get the ridiculous 20-27% APRs on my almost $20k of Synchrony accounts consolidated into one more manageable chunk so I am not wasting hundreds of dollars a month on extra interest. I am moving soon and finances will be tighter and having one account for those debts with a lower interest rate would be pretty helpful.

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

View your scores and reports anytime.


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.