Hi, I have already looked through the forum but could not find the information I was looking for. I am a 25 year old student attending a medical school with some credit card troubles. I have about $5,500 worth of credit card debt and about $5000 in an auto loan. The problem is that I usually just transferred balances from my 2 credit cards and kept the interest rate down that way. I recently let a family member have a few thousand dollars from my Discover account and they are paying it off nicely. A downside of this is that I have no more credit on that card to transfer my balances and I have sent in credit card applications in the mail but had them come back in denial because they said I am using too much credit. I am currently paying a 27% interest on my credit card because my balance transfer has ended and am looking for a way to get out of this. I was thinking trying some of the consolidation companies, but have heard they can hurt your credit long term. I found this website and it appears very helpful: http://www.creditcarddebtconsolidation.org/index.html My credit is fairly good and I have never gone more than a few days late on a payment. I currently do not have a job as I am taking 31 credit hours in school but I do receive about $21000 per year to live off of. I know this is long but I really need to get this high interest taken care of as I am paying nearly all interest.
