Submitted by nemo_crack t3_z959yt in personalfinance
nemo_crack OP t1_iyf2q9z wrote
Reply to comment by play2win13 in What's the best way to borrow >10k to be paid back within a year. (US) by nemo_crack
Is there a way to get the money in cash or into my checking account?
play2win13 t1_iyf2utx wrote
Usually they will send balance transfer checks. Write it to yourself and deposit it.
nemo_crack OP t1_iyf2xxi wrote
Don’t balance transfers incur a fee?
play2win13 t1_iyf383s wrote
That’s the 1-3% I referred to.
nemo_crack OP t1_iyf3bu6 wrote
Gotcha thank you.
play2win13 t1_iyf3m87 wrote
Do the math, if the 14% from the bank amortized over the 12 months is less than the fee offered for transfer then it’s a win.
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