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Jnette1

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I have a credit card that I won't be able to pay off is there, is there help for me?

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Top Contributor
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depending on your situation and debt to income ratio if its say around 40% you can take out a personal loan from a bank to cover the CC debt and your interest % would be like 9% versus 16%-28% from a CC but take into account your monthly payments from the personal loan could be as high as a few hundred dollars depending on your CC debt......Honestly its not reccomended for most people but it is a option if you can afford the month payments or stretxh out the loan to says 24-36 months But you may be BETTER OFF DOING THIS 2ND OPTION BELOW or you can make minimum monthly payments and while you will be paying interest on it your score will stay intact if the minimum is say $25 though pay as much as you can afford every month that way you rack up less in interest charges 

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