I am looking to consolidate some high interest credit card debt that I took on, many moons ago, when I was married and was putting my wife through school. Since that time I have divorced and my income has risen considerably, so I'd like to reduce the amount of interest I'm paying on these cards and pay them off sooner rather than later.
Currently the monthly payments for the cards I am going to consolidate is approximately $350.00 a month. This loan has a payment of $341 a month. My current expenses, including the new house are: mortgage: $1289, car $589, student loans ~ $300 a month, car and house insurance $120, utilities/cable/etc $200, misc other expenses: $400 (groceries, gym, gas, etc.)
As you can see, this loan actually slightly reduces my monthly payments.
|
