Reply to I need about $20k to get us through a layoff-home equity loan?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Cash advances are at 4-5% for the fee and 0% for the balance for a year. Then you find another card. 
Two grow-up people haven't built enough credit to get that from a card? Any card. That's why you build credit and relationship with banks.[/quote]

Op here. Do you know how I find these offers? Do they come in the mail? Our credit scores are 800+, we could charge probably $150k today on all our credit cards but what I need is CASH to pay mortgage and childcare costs.[/quote]

Do your daycares not take credit cards?[/quote]

Op here. My childcare situation is complex and multifaceted, and no, I can’t use credit cards to pay for it.[/quote]

OP, several people have asked you;  how old are your kids?   It seems some people are assuming your kids are infants in full time daycare.   From the above, it sounds like your children's care is a nanny?[/quote]

Why can’t OP say kid’s ages?

It sounds like the DH can cover the mortgage but not childcare. They should be able to go into minimal debt if they cut childcare. It sounds like expensive childcare.[/quote]

She won't say their ages because they aren't newborns like some people were assuming earlier.    Her "small" children are probably 12 or so.[/quote]

Op here. I’m not saying ages because it doesn’t matter. I’m not asking for advice about my childcare situation. I came here asking for advice about what financial vehicle to use to get cash for short term expenses.[/quote]

It does matter though. If your kid is 4 and will start public kindergarten next year vs a 2 year old.

You are willing to share what your husband does for a living and how much he earns but not how old your kids are. This actually matters the most because you only have these childcare costs for a few years and if we knew the ages, we would know how long these costs would go for. You also seem unwilling to share the actual cost of childcare.

You are willing to go into debt in a high interest rate environment for this childcare. I cannot imagine putting childcare costs on a credit card. I can’t think of a worse financial decision.[/quote]

Do you know how hard it is to find full time childcare? It’s basically impossible. When you get a spot, you hold onto it for dear life. [/quote]

Op never said she needs full time childcare.  She’s being very intentionally cryptic about her exact childcare needs.[/quote]

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