this post was submitted on 24 Jul 2023
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Monday: Silly Questions (lemmy.ca)
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[–] [email protected] 2 points 1 year ago

Quite frankly, no advice here, YMMV: maybe your bank want to keep you as a customer and will give you the best deal, or maybe a new bank will give you a better deal to get your business.

There is no risk in getting in touch with a new bank to see what they can offer you, or to look for better deals, even for part of your debt if you don't mind the complexity.

Depending on your credit card debt interest rate, and your LOC rates, a good first step may be to repay your credit card with your LOC if you have some room, as CC rates (often 20-30%) are generally higher than LOC rates (10-20%). It will also make your situation more simple.