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Updated almost 7 years ago on . Most recent reply

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Samuel Pascal
  • New to Real Estate
  • New York, NY
12
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moving amortized loan to credit card

Samuel Pascal
  • New to Real Estate
  • New York, NY
Posted
I just finished meeting up with real estate investors in a workshop where they say they can teach me everything with a down payment of 20,000 . not happening. however, they brought up a way to kill debt faster and wanted to know no communities input. has anyone paid off debt faster and cheaper by moving an amortized loan into a simple interest credit card? loan is 4% vs a credit card 21% .

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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied
Originally posted by @Samuel Pascal:
I just finished meeting up with real estate investors in a workshop where they say they can teach me everything with a down payment of 20,000 . not happening. however, they brought up a way to kill debt faster and wanted to know no communities input. has anyone paid off debt faster and cheaper by moving an amortized loan into a simple interest credit card? loan is 4% vs a credit card 21% .

 With those math skills, I'm glad you aren't actually going to pay them to teach you anything...

  • Chris Mason
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