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 Scores
Profile Image

Question By
Yami1408

0 Contributions
0 People Helped
Trying to find a credit card that helps me make monthly payments to bring down debt
I am really trying to find a card that can help me pay some of my debt off to improve my credit score . Is there such thing . It helps my make on time payments monthly and bring down what i owe and push up my credit score numbers.

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
73 Contributions
59 People Helped

It sounds like you're looking for debt consolidation? If your credit is good, you can apply for a card with a promotional 0% interest rate and transfer your balances. That definitely helps the debt get paid down faster.

You may also want to look into a debt consolidation loan. Again, if you have good credit, you should be able to get an interest rate lower than your credit cards. I would suggest this route if you can't get a hold of any 0% promotional cards.

Keep in mind that opening any new credit will cause a hard inquiry on  your credit report, which may temporarily lower your score. But your debt to credit ratio will also be lower. The faster you pay down that debt, the more your score improves over time.

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.