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Started By
Message
re: Transfer student loans to Credit Card
Posted on 2/28/12 at 10:36 pm to MediTiger
Posted on 2/28/12 at 10:36 pm to MediTiger
quote:
it sounds like way more work than just getting a few hours overtime to make up a couple hundred dollars.
An often overlooked point. It takes time to stay on top of things.
$5K at 6% APR = two movies given up per month. Not exactly life-changing.
I'm a fan of playing the credit card game but at this point in life boosting income (i.e. the value of your time) is a lot more important.
0
Posted on 2/28/12 at 10:46 pm to Hdstng09
quote:
Would it be wise to move $5000 worth of student loans with 6% interest to the card?
Do it.
And then file bankruptcy.
That will teach them.
Posted on 2/28/12 at 10:58 pm to Will Cover
It'll just be a preferential transfer that gets clawed back, and if you charge over $500 on a credit card and file within 90 days, it automatically gets fraud treatment and becomes non dischargeable.
Posted on 2/28/12 at 11:11 pm to kfizzle85
quote:
It'll just be a preferential transfer that gets clawed back, and if you charge over $500 on a credit card and file within 90 days, it automatically gets fraud treatment and becomes non dischargeable
Only joking, of course.
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