Hey folks, I’m your typical, run of the mill college student that signed up for two credit cards halfway through college because it sounded like a great idea at the time. Im about to graduate in May and begin working full time and would like to start getting my finances in order. As of now I have two accounts that I am looking to get paid down:
Apple Card: $1,937 with 26% interest Capital One: $475 with 30% interest
I’m not making that much money right now as I am only working part time and on campus. I had a better paying job when I signed up for these cards but I was stupid and kept spending like the money was going to come back. What is my best option? I’ve been shopping for loans that would consolidate both of these accounts to a $70 monthly payment over the course of 36 months. Is this my best option? Or should I take the snowball/avalanche approach?
original posted by huntrcl to r/personalfinance on Thu, 29 Feb 2024 23:26:26 GMT.