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Archive for August, 2007

Should I pay off my car with a low interest credit card to save money? Would this make sense?

SunnySideUp asked:


I only have about 1-1/2 yrs remaining to pay off my car which amounts to $10,650.00 and the interest rate is about 12% . Should I just stick with my bank note? I figure I could pay it off faster and at a lower interest rate if I were to put the balance on a credit card.

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Are there negative effects for signing up for credit card offers and then canceling?

Michael B asked:


There are lots of offers that give away free stuff for signing up for a credit card. Assuming that I just sign up, get the reward and then cancel, does that hurt my credit or anything else? Thank you

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What is the best student credit card?

secrets7890 asked:


What is the best credit card for a student trying to build good credit? Or does anyone know of a website that lists the best ones?
Most IRRESPONSIBLE students end up over their head in debt.
Smart students, like myself, try to build up good credit.
I plan on buying my gas with a credit card and then paying it off as soon as I get home. That way I’m building good credit. Don’t judge people. Not everyone fits a stereotype.

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