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How important is the interest rate?

How will rate changes affect my balance?

Is a lower rate worth the annual fee?

What will it take to pay off my balance?

Should I consolidate my debts?


Which is better: flight card or low rate card?

Which is better: rebate card or low rate card?

Should I consolidate my credit cards?

  
 
 
Should I consolidate my debts?
Existing debts
Amount owedMonthly paymentMonths
left
Auto loan 1 $   $      
Auto loan 2 $   $      
Boat/RV loans $   $      
Education $   $      
Other loans $   $      
 
Amount owedInterest rate
Credit card 1 $     %
Credit card 2 $     %
Credit card 3 $     %
Other account 1 $     %
Other account 2 $     %
 
Consolidation loan
Home equity loan
Home equity line of credit
Personal loan
Personal line of credit
 
Interest rate   %
Desired months to pay off    
Closing costs $  
Discount points   %
Your savings rate   %
Your state + federal tax rate   %
 
Note: You may be better off not including loans which will be paid off sooner than your proposed consolidation loan, even if their interest rate is higher than the consolidation loan's rate.



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