Debby wrote,I have two and half years until my car is paid off at 9.99% through Suntrust. ($3,705.00) Do you think it would be a bad idea for me to transfer the car debt to the AT&T card? I always pay twice the minimum payment and always pay on time.The answer may depend on what the rest of your financial picture looks like. You mention that you have reduced your debt by $6k in the past year. How much debt do you have remaining? The reason I ask is that because credit card companies are known to increase your interest rates based on your overall financial picture, not just your account with that company.If the rest of your debt is all current, at decent rates and not extremely high debt to available credit ratio, then this could work out well for you. Just be aware that there is the possibility that AT&T will increase the rate.Are you comfortable living with the chance that your old auto loan of 9.9% that was BT'd to AT&T could rise to 19.99%? Only you can answer that question but I feel you should be aware that it is possible.Also, is the AT&T offer on a card you already have or would this require you to apply for a new card? If it is a new card, I would personally pass on the offer.dt
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