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Subject:  Balancing interest rates Date:  8/21/2000  2:42 PM
Author:  alsmidt Number:  42448 of 312777

I have a lot a student loan debt left over from college. It's on a variable interest rate loan adjusted every July. I'm trying to weigh the advantages/disadvantages of transferring that debt to a 2.9% introductory credit card offer.

The basic things I'm trying to figure out....
1. Would carrying a balance on my credit card affect my credit rating?
2. Will I keep receiving these low rate credit card offers if I start carrying a balance?
3. Assuming I can get a 2.9% rate for the next 6 months and then 10.9% after that, how would that compare to carrying an even 8.25% over 5 years?
4. Or what about 0% for 6 months and 14% after that?

Thanks in advance for the Foolish input!

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