TopHot
My credit card is offering a 0 apr cash programme, does it make sense to borrow to pay off part of an 8.5% loan?
My credit card is offering a 0 apr cash programme, does it make sense to borrow to pay off part of an 8.5% loan? I have a ~43,000 home equity loan at 8.5% variable rate. I pay $304 just on interest in the loan each month. My credit card mailed me something about a cash programme at 0% apr for 12 months with a $250 fee. I could borrow $20k. If I put that to the loan, I would save approximately $1600 in interest per over 12 months, which is a lot more than t...
Category:
