Page 1 of 1

Prior Debt

Posted: Mon Apr 03, 2017 4:46 pm
by Mr_Chukes
What do you do if you have prior debt before law school. What if there is debt that you wont' be able to pay off all the way before law school begins? What do you do?

Re: Prior Debt

Posted: Mon Apr 03, 2017 5:18 pm
by BmoreOrLess
Mr_Chukes wrote:What do you do if you have prior debt before law school. What if there is debt that you wont' be able to pay off all the way before law school begins? What do you do?


What type of debt? If credit card debt, I'd try to get a few different credit cards that have interest free balance transfers and rotate through those over the course of law school.

Re: Prior Debt

Posted: Mon Apr 03, 2017 5:29 pm
by Mr_Chukes
BmoreOrLess wrote:
Mr_Chukes wrote:What do you do if you have prior debt before law school. What if there is debt that you wont' be able to pay off all the way before law school begins? What do you do?


What type of debt? If credit card debt, I'd try to get a few different credit cards that have interest free balance transfers and rotate through those over the course of law school.

Credit card. I'm also very close to paying off my car. I only owe 3000 as of now.

Re: Prior Debt

Posted: Mon Apr 03, 2017 5:39 pm
by BmoreOrLess
Yea, for the car I don't really have any tips, but for the credit card, if you can get more credit cards (or already have some others) they're pretty easy to rotate on balance transfers for 3-4% a year while you only pay the minimums.