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Debby,

You wrote, I recently received a balance transfer offer from AT&T for 3.9% APR that stays in effect until the balance is paid off.

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.


Been there, done that. Well, actually it was a Citibank card; but they're much the same. Of course, whether or not you'll want to go this route depends on your own financial picture and responsiblity. But using a lower rate, unsecured loan to pay off a higher rate, secured loan is usually a very smart move.

My only suggestion is that you do something to schedule automatic drafts from your checking account until the balance is paid. That way you don't risk loosing the terms on the loan.

- Joel
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