Quote:
Originally Posted by RotseCherut
Appreciate your responses. I actually have no debt and just paid off $6000 debt on a 0% interest credit card that I didn't bother paying since I was making money just leaving the money in my 2% savings account. It looks like my savings account has gone down to 1.7% and I am going to ditch it and get another savings account I see that is offering 2.2%.
It sounds like a personal loan is the way to go, especially if you can walk out in 30 minutes with $25,000, although I would not take aloan out with 9% interest.. I'd just open up as many credit cards as I can. Indeed, I have been transferring balances on credit cards for a while since I had the money in the savings anyway, there was not much point in just paying it off when it is just money down the drain.
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Do you realize how little all this shifting around is actually getting you?
$6000 at 1.7% for one year = $103
$6000 at 2% for one year = $121
$6000 at 2.2% for one year = $133
Surely your time is worth more than twelve bucks?
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