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Author: lamarama One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308481  
Subject: Re: MBNA Unsecured Loan Date: 1/24/2000 4:10 PM
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I agree with jrr7.

Before you consider taking them up on their offer, see if you can get the cards you already have to lower their rates.

And if there is any kind of fee attached to the offer, it is most likely not a good deal for you. Also check for anything that you might object to. In other words, read all the fine print. A lot of these offers count on people not bothering to read the fine print.

The most you can save is 3%. If you decide it's worth it, you could just transfer the cards with a higher interest rate. But I bet you can get a better deal without taking their loan.

Regarding the cost of separate bills...

33cents/month * 12 = $3.96 a year + a few minutes per month to fill out a check and lick the already-factored-in 33cent stamp.

I call that negligible.

There is actually an advantage to having separate bills, as you can have them scheduled at different times in the month to make them easier to pay.

Good Luck,
lamarama
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