Smart fiscally responsible man. I have Ally and Capital 1 savings accounts with over 3% interest rate. I wish I got away from Bank of America sooner with that bullshyt 0.01% rate. Acorns investing is a good way to go start investing. The have IRAs and money market accounts with robo advisors. Fundrise is similar but it's for real estate.
Why are you paying interest on a credit card? Out of control debt or bad credit? I haven't paid interest in any credit cards in over a decade. If it ever got to that point I could just open a new one and do a balance transfer then pay that off. Yeah you gotta pay that balance transfer fee but it's usually under 5% so better than paying interest.Interest rate on my CC is killing me
I have High CC debt for a lot of reasons
Yeah if you can get approved for a high enough limit it's best to get that transferred just to stop the interest. If that isn't an option you can try a local credit union and get a debt consolidation loan. Credit card interest is some of the worst interest you can pay cause it's so high. The best option is a balance transfer to a card with 0% interest for at least a year.
I would try paying off the smaller balances first. Then transfer the big balances over to a 0% for 12 or even now that have 18 months for balance transfers credit card.
I will look into making a 0% transfer for the large one since the interest is really slowing me down even when making extra payments thanks.
Ok. But remember they are looking at the other balances. So they may not give you the credit line for the whole large balance until at least one of them are gone
