I don't want to refi and pay another 2k on closing costs.
The interest rate for the ccard will jump to 12%, after the term expires in August
My dilemma is the following :-
I can imagine switching to another 0% card after the term expires.
It will only cost me a transaction fee of , say $300 or so
However, on that 7.81% interest loan, (yearly $5364)i am losing $3720
this year, $3500 next year etc.
Yes, it contributes to wards my tax deduction, but only a small amount.
I thought, i need to find out how may i slow down this bleeding (since i don't have
the 49k to pay it off). This is what is bugging me.
jim