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re: Should I save money or pay off student loans quicker?
Posted on 10/8/13 at 12:54 pm to BACONisMEATcandy
Posted on 10/8/13 at 12:54 pm to BACONisMEATcandy
...Well I currently "live off" my credit card. Purchase everything with it, and just pay it off to zero each month.
I just meant how would I transfer my loan to a credit card? Also - I'm not sure if I want to open another credit card in the amount of $20k. Or if I can. I have three CC now, with a total of almost $20k, one is $10k the other two $5k.
If this is even what you were referring too... see, over my head!
I just meant how would I transfer my loan to a credit card? Also - I'm not sure if I want to open another credit card in the amount of $20k. Or if I can. I have three CC now, with a total of almost $20k, one is $10k the other two $5k.
If this is even what you were referring too... see, over my head!
1
Posted on 10/8/13 at 1:00 pm to PrettyBird
quote:
I just meant how would I transfer my loan to a credit card? Also - I'm not sure if I want to open another credit card in the amount of $20k. Or if I can. I have three CC now, with a total of almost $20k, one is $10k the other two $5k.
You can request your CC company send you a check that you then write out and mail to your student loan company.
You have to be very careful with using a CC for this kind of stuff. While savvy people can get great deals using 0% interest promotions, a person could also get severely fricked with high interest if they fail to pay off the balance before their 0% promotion expires.
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