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Personal Finances / Credit Cards and Consumer Debt


Subject:  Thinking... Date:  12/8/2003  11:29 AM
Author:  terminalwriter Number:  174488 of 312293

I've been caught up with things and gotten way behind, so now I'm trying to play catch up with the Fool message boards and attempting to slowly work my way back up to current.

Some boards that's gonna take a while.

Anyway, since I last left you the last of my student loans went active, along with the one I started paying, instead of having my mom pay, since it was putting an unnecessary burden on her. So here are my numbers:

Car Loan: $3,545.70 @ 9.9%
MCSE Loan: $9,041.14 @ 8.5% (Rate dropped because it's tied to an index or something.)
Student Loan 1: $380.38 @ 2.82%
Student Loan 2: $1,361.00 @ 2.82%
Student Loan 3: $2,405.54 @ 3.42%
Student Loan 4: $211.69 @ 3.42%

Grand Total: $16,945.45

So as I watch the car loan drop, I keep thinking more and more about jumping in on 0% intro cards and playing the balance transfer game. Is it worth it in this case? Also, all of the student loans and the MCSE loan qualify for taxable deductions on the interest, is that compelling enough not to try the balance transfers?
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