Should I use my student loan money to pay my credit cards?
I have about $ 4,000 in card debt credit. Should I to lend additional money to pay all credit cards. If I do that, the bills that I have to worry about paying are student loans, and it will improve my credit rating. The downside is that I'll be about $ 55,000 in student loans. I get my control and education would, so I feel I could pay the loans on time and fairly easily. What do you think? Sigma In fact, the main reason I had the cards was to help get me to college. I will not use that much, and I do not intend to close the account, because that will negatively affect my credit rating. May I cut the cards up, but I'm certainly NOT close the accounts …
Yes. Absolutely. The corporate credit cards may require higher interest rates. Clothed in school loans, which are generally low. This so you can pay off more balance instead of paying only the interest due. I would not worry school loans on the amount you add. Interest payments are tax deductible. I see that you are getting your Masters, so it should not be difficult for you to repay them. Hope this helps.
