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Real Estate
Reply to "Is there any reason not finance home improvements with a 0% credit card?"
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[quote=Anonymous]Life can happen. You could do this, your financial situation changes, and once the interest-free year is up you are stuck with $45k of debt at 29.99% APR. I would only do it if my income was quite stable and I was definitely able to pay it off within the 0% term. You could also get to the end of the term and due to economic changes there aren’t any credit card companies willing to transfer such a large balance at a 0% rate. If you have individual credit cards with $40k credit card limits you probably have a decent income—I would suck it up and save for 12-18 months to pay cash for this type of reno.[/quote]
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