No. of Recommendations: 1
Come to think of it, is it even possible to BT a bank loan to a cc? How would that work unless I could get my hands on a BT "check"?

Hi MM,

First Congratulations on the pay down! I have used a three step process for transferring non-CC debt.

First- Obtain the desired BT at 0%
Second- Using a empty CC (I usually use CapitalOnce since they always have checks with their statements) with a high cash advance/ courtesy check. I simply right the check to CAR, HELOC, or Deposit it into checking.
Third – do BT to Cap1 or whoever, cover the transfer.

The only thing I would caution is transferring CAR debt is a one way process you can't take the transfer back once you do it, for me I would want to either want a larger EMIgrant account balance or wait awhile and work down the CC debt a little more. I did this with a HELOC but I can easily transfer back, if I needed to or I have other BT's if I needed to.

I know how you feel about how slow it feels at times, debt repayment once you have it down to a pattern it seems like all you want to do is fast forward paycheck to paycheck to pay it down since you never seem to have money for much else. These are lots of other personal finance stuff to learn about to keep busy. Learning more about investing. I have been reading a pretty good book called “All your Worth” by Elizabeth Warren. It might be a good book to check out at the library if you can find it. It seems to be pretty good at looking at personal finances/Debt as a balanced approach. Easy to read anyway, keep your chin up, the last thing you want is for the debt repayment to be is overly challenging.

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