Consolidating your credit
Creating a budget and starting a savings habit are small steps that could build a stronger financial future.If you don’t have an immediate need for cash, work on building your credit score.Your credit scores can take a hit if you use all or most of the available credit on your cards.
Almost all lenders require you to be 18 years or older and a legal U. resident with a verifiable bank account and not in bankruptcy or foreclosure.
A personal loan offers some advantages over balance transfer cards.
Fixed payments ensure you’ll pay off debt on a set schedule.
A higher score will qualify you for more loan opportunities, lower interest rates and better loan terms in the future. Several personal finance websites, including Nerd Wallet, offer a free credit score.
Look for a site the offers educational tools such as a credit score simulator plus access to your credit report.