Forgive me. You are correct. But can you pay off all of them or more than you have to in the end?
You need to be more specific as I am not sure what you mean.
Thu 29 Jul, 2010 09:23 pm
It depends. Let's say you have a credit card debt of 10,000 at 20 %
and you'd like to pay that off immediately. If you find a bank who is willing
to loan you $ 10,000 at 5 or 6 % you can pay off the loan with the high interest
and make payments on the second loan until paid off.