Chase Offers - My Chase Loan 🤔

[Hut1]

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@Remedios wrote:

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@Hut1 wrote:

In case someone comes and looks at this thread later down the road, after speaking with Remedios and seeing Kforce's number crunch, it would be more cost effective to utilize a balance transfer on one of my current cards. 

I verified both Capital One and PenFed are offering 0% for 12 mos w/ 3% fee. (Also, while I was looking around AmEx to see if they offer a BT option, I realized I hadn't requested a CLI for my AmEx in a while. It was approved. )

So, take away would be to have @Kforce crunch numbers for you and @Remedios talk some sense into you. 

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That's great, glad you had those offers available. Also, congrats on your increase 

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@Remedios I probably have you to thank for that. lol

[Remedios]

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@TheRedHat wrote:

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@Remedios wrote:

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@NoMoreE46 wrote:

That particular interest rate range is not bad at all.

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No, it's not. It's horrible 

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Really? A max of 10% interest over a 2-year period is considered "horrible"? 

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Really, yes.

If you had to pick whether you wanted 3% or 10% reduction in pay, which one would you pick? 

OP is going to save a lot with this approach, so I'm not quite sure what's so puzzling. 

I'm not being eTone deaf, I understand perfectly that loan (whether a personal loan or funded via credit card) would be a life saver to some, to others it may not be depending on their options.  

Focusing on wrong things is how many things start going terribly wrong.  When it comes to money, one should explore all the available options. Looking at 10% and going "That's not bad" is an option, but so is "can I do better than this" which coincidentally is the reason members ask questions. 

Or maybe I don't like hanging out in echo chamber, 'tis very possible.  

[NoMoreE46]

Am glad @Hut1  got the best savings with the help from @Remedios and @Kforce !

I am confused on some of the numbers so am I missing something?

Take the $784.08/month for 12 months option from Chase.  The full payback for would be $9408.96  (748.08 * 12)  correct?   

[SweetCreditObsession]

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@Hut1 wrote:

In case someone comes and looks at this thread later down the road, after speaking with Remedios and seeing Kforce's number crunch, it would be more cost effective to utilize a balance transfer on one of my current cards. 

I verified both Capital One and PenFed are offering 0% for 12 mos w/ 3% fee. (Also, while I was looking around AmEx to see if they offer a BT option, I realized I hadn't requested a CLI for my AmEx in a while. It was approved. ) https://ficoforums.myfico.com/t5/Credit-Card-Approvals/AmEx-CLI-17-900-gt-23-600/td-p/6646690

So, take away would be to have @Kforce crunch numbers for you and @Remedios talk some sense into you. 

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@Hut1, I'm glad you got the information you needed to make an informed decision. Best wishes!

[ghgirll40]

Congrats on figuring out a good option for your situation! Paying off debt can sometimes be a struggle so it's good to see a workable option out here!