AmericaOne Unsecured?

[4Ladder]

I am a new member- lots of good info here.

I have multiple CC with high interest rates. There are no lates and no BKs, credit score TransUnion 703 and Equifax 664. I would like to consolidate these cards (approx $ 50,000). What are my options? Does anyone have experience with America One Unsecured?

[radi8]

Are you considering consolidating them because you are having trouble making the payments, or just to get the rates down?

[4Ladder]

I want to get the monthly payt down.

[radi8]

Do you have any of the usual options? Refinancing into a lower-rate loan of some sort? Have you contacted the creditors to see if they'll offer you anything?

[4Ladder]

Thanks to all who responded.

 

I called several accounts the other eve.

 

ATT Univ 3671 29.9 (dropped to 19.9%) had to close acct

1045 6%

4956 2.9%

 

Chase 1 18006 9%

Chase 2 14410 19% (dropped to 10% for 12 months; then will go back to 19%)

 

Disc 1 10055 5.9% (will go to 19.9 in spring)

Disc 2 9851 5.9% (will go to 19.9 in spring)

 

Cap One 2876 6%

 

FIA 608 11.75%

 

GM 7800 17% (they won't budge)

 

Sears 5958 10%

 

Wachovia 9302 8.35%

 

I did not call the ones with the lower Int rates. They asked if I am having a hard time making payts- it can be difficult but they can look at my payt history and do not see any missed or late payts.

I can't get additional home equity loan- I already did that.

So with the phone calls I made I will see my monthly minimum payts reduced by about $130.00.

[radi8]

I'd surely take that $130 you are saving and use it to snowball the balances on the higher interest rate cards.

If you were to put these in a DMP, you'd see some of the rates drop- perhaps to the 7-9% range- but you already have several cards in that range already, so you'd really only see a significant benefit on a couple of them. You'll probably come out ahead leaving them alone, at least for now for the duration of the program they've offered- and applying everything you can to get the balances down. Revisit when the programs end next spring and see what your situation is.