We want to consolidate the credit cards but want to avoid
refinancing again. What is our best option?
Q.
We have a mortgage of $189k on a property valued at $380k. We
have credit card debt of $25k and annual income is about $75k, and
we have three dependents. We would love to consolidate the credit
cards but want to avoid refinancing again. What is our best
option?
A.
Another option may be to focus your energies on attacking the
smallest credit card debt. Once that is paid off use thep payments
no longer needed for it to speed up repayments on the next smallest
debt. If you keep doing this you will be amazed how quickly you
will get back on your feet.
Each week financial advisor Noel Whittaker answers your
questions.
