Tips for consolidating credit card debt

If you don’t have good credit, using P2P lending might not present big savings on interest compared to your current credit card interest rates.

If you have good credit and can get a lower interest rate, this could be a good deal.

Be sure to use the options above with a plan to pay off your debt instead of just enabling yourself to end up deeper in the hole.

Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns.

You can just fill out balance transfer checks and send them in. Ramit Sethi lays out a script for the negotiation, which he gives a 50% chance of success. P2P lending is a newcomer to the world of debt consolidation.

Many creditors now let you complete the process online. His talking points include: If this works, you can save a ton on interest with only five minutes worth of work. The way it works is you request a loan through a P2P lending company, like Lending Club.

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We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions.