Credit card shuffle
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Anonymous
|
Credit card A - almost maxed out
Credit card B - low balance (can knock out entire thing in about two months if I focus on it) Credit card C - no balance (getting offers of 0% interest for a year +) 1) Should I transfer some of A to C? 2) Should I transfer all of B to C? 3) Should I knock out B, ignore C's offer, and then concentrate on A? 4) Some other option I am not thinking about? |
Anonymous
| You need to do math to get this right. There's nowhere ear sufficient info here to do it. I'd need balances, apr and bt fees for all three. |
Anonymous
|
Credit card A - $32k - 8.9%
Credit card B - $3k - 12.0% Credit card C- $0 - 0% |
Anonymous
| Yeah, the other option is get another job and pay that debt off. Jesus. |
Anonymous
Yes, well, it was for an unexpected medical expense that our insurance didn't cover unfortunately. |
Anonymous
| Transfer A to C, bang out B in two months, get a Dave Ramsey book, and focus hard on getting rid of the rest. |
Anonymous
| What is the fee for the balance transfer? |
Anonymous
| And his credit card C have a high enough limit to transfer the entire balance? |
Anonymous
That doesn't mean that you should ignore the advice of getting another job and paying the debt off. |
Anonymous
Who gives a shit what it's for. You asked for other options and I gave you a good one to consider. Why does it matter how you racked up the debt? |
Anonymous
Why do you have to be an a-hole about it? You were clearly being judgemental about OP's amount of debt, OP clarified it wasn't a spending frenzy, it was medical bills. Don't be a jerk. |
Anonymous
Again, that's not relevant. She has the debt. She sought advice on paying it off including "other options" to the credit card shuffle. I suggested get another job. She starts yapping about medical bills. As if that detail matters? It doesn't make the debt any less real. |