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 Site Suggestions
Profile Image

Question By
olah124

0 Contributions
0 People Helped
Is it better to have more personal debt , than credit card debt. for your credit score
I want to consolidate my credit cards. this would leave me with 2 auto loans, and the personal consolidation loan.

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7373 Contributions
3812 People Helped

The best thing is to reduce the debt, but build the amount of available credit.  When you seek consolidating you r credit cards, search for a credit card that offers 0% interest for 15-18 months.  That way you can reduce or totally eliminate that debt.  Do NOT close any of the credit cards!!! That will hurt your credit score.  Then you can work on paying the car loans off faster, thus reducing the amount of interest you pay on them.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

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.