Question

Is it a good idea to consolidate credit cards, what about the fee?

3 weeks ago - 2 answers

Best Answer

Chosen by Asker

Usually, the best idea is to keep only a few active credit cards in the first place, but if you start getting into a much and myre of "too many bills, too often, too fast", then yes, it can be a good idea to turn all those varying bills into one bill a month. It can help for weekly budgeting and planning around other important payments. More often than not, the fee incurred by consolidating is less than the cost of making a payment late because you're overwhelmed by writing checks or paying too many lenders too often.

by Red Legion

3 weeks ago

Asker's Rating: 

Other Answers

Yes, and it will improve your credit scores.

by Yorky- 3 weeks ago