- Centurion Member
- Posts: 132
- Joined: Mon Jul 18, 2011 10:08 pm
- Location: Houston
What follows is my opinion not advice or legal council.
It should not ruin your credit. You will take a hit for a new card and higher utilization. Also if anything goes wrong with the plan and you fail to pay it before the end of 21 months, you will have to pay some interest. Depending on the card agreement that interest could get hefty.
Ruin is much to strong of a word in my opinion. You will take a ding, but it is something that can be made right again.