Seeking help and advice on rookie move - paid credit card debt with LOC directly
A few months ago, I met with a financial advisor to open a LOC with a low interest rate to help me pay off high interest rate credit card debt faster. I had never done this before, and he did not explain to me in any capacity how I do this. So, that night, I went into my LOC and made bill payments directly from the LOC to the credit cards. Now, I see I am being charged interest AND cash advance interest thereby entirely defeating the purpose of the entire situation as I an essentially paying the same amount of interest now. I have an appointment with a financial advisor later today but I am PANICKING and need to know if anything can be done to reverse or rectify this mistake??