Hey guys,
Haven't posted on here in well....ages.
A close friend of mine (not it's not me), has managed to get himself into very very big credit card debt (about $30,000).
He's currently paying 30% P.A. interest on that debt and i'm looking at refinancing options for him to get the interest rate down.
Putting aside all the "he was irresponsible" stuff which me and him are both aware of, does anyone know of any good options out there for refinancing credit card debt?
I doubt it's still offered but pre-GFC there was some bank (might have been St George) offering a $20,000 limit credit card with an interest free period of 6months. Obviously really bad idea for most people, but under these circumstances it may be appropriate. Does anyone remember this and whether it is still available?
Haven't posted on here in well....ages.
A close friend of mine (not it's not me), has managed to get himself into very very big credit card debt (about $30,000).
He's currently paying 30% P.A. interest on that debt and i'm looking at refinancing options for him to get the interest rate down.
Putting aside all the "he was irresponsible" stuff which me and him are both aware of, does anyone know of any good options out there for refinancing credit card debt?
I doubt it's still offered but pre-GFC there was some bank (might have been St George) offering a $20,000 limit credit card with an interest free period of 6months. Obviously really bad idea for most people, but under these circumstances it may be appropriate. Does anyone remember this and whether it is still available?