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Welcome to SportTrac.Org
Off Topic Discussion
is refinancing a good idea
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<blockquote data-quote="Dan Long" data-source="post: 734333" data-attributes="member: 65387"><p>One option, although it requires a very disciplined person and depends on how much you still owe, is to move it to a credit card as a balance transfer. If you have good credit, you can often find 0% balance transfer offers with no fees, they don't care what account they're transferring the balance from. It will lower your "required" monthly payment and get the title into your hands rather than your banks. The key is you must be disciplined enough to continue making large payments, DO NOT be late on the payment, and DO NOT use that card for anything else until its paid off. As most 0% offers are only good for a limited time, you will need to pay it off in that amount of time, or transfer to another 0% offer. This method has its downsides and potential pitfalls that have to be evaluated by the individual, but I haven't paid any interest on anything I've financed aside from my house and my wife's car ($20K - too much for this) in a long time. FWIW, I still have a credit score of over 750 as well.</p></blockquote><p></p>
[QUOTE="Dan Long, post: 734333, member: 65387"] One option, although it requires a very disciplined person and depends on how much you still owe, is to move it to a credit card as a balance transfer. If you have good credit, you can often find 0% balance transfer offers with no fees, they don't care what account they're transferring the balance from. It will lower your "required" monthly payment and get the title into your hands rather than your banks. The key is you must be disciplined enough to continue making large payments, DO NOT be late on the payment, and DO NOT use that card for anything else until its paid off. As most 0% offers are only good for a limited time, you will need to pay it off in that amount of time, or transfer to another 0% offer. This method has its downsides and potential pitfalls that have to be evaluated by the individual, but I haven't paid any interest on anything I've financed aside from my house and my wife's car ($20K - too much for this) in a long time. FWIW, I still have a credit score of over 750 as well. [/QUOTE]
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Off Topic Discussion
is refinancing a good idea
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