I have a credit card that is at about $2100 right now with an ~29% APR. I am a final year law student who is about to start studying for the Bar where its basically impossible to work and study at the same time. Ive been working for pretty much all of law school to get out of this debt, but I cant work/make enough to pay off the cards with the high interest rate. Ive already opened two new cards to transfer the balance from other cards Ive had, but this is the final one I have left. Would it be a wise decision to open a 3rd new card to transfer the balance and just get a couple months without having to worry about interest?
As soon as I start my lawyer job, it should be no problem to pay everything off quickly, but that just wont be for a few more months
original posted by julianna96 to r/personalfinance on Thu, 29 Feb 2024 13:29:50 GMT.