- Centurion Member
- Posts: 508
- Joined: Tue Aug 13, 2013 10:04 pm
- Location: ca
I can't, give you educated guesses cos I've seen some really far out stuff, but I can tell you that with the income and already extended credit to you at this day and age (post 2007/2008) that if I were to attempt, it would be in the low thousands.
You mentioned a few lines of credit on cc that are pretty high. If, the 39k or 17k is with chase, and the balance you want to transfer is outside of chase, than I would open a slate card if you don't already have one, take whatever CL they give you and transfer the rest you need to support the 12k you owe. Do this within the 60 days of account opening and you won't pay a balance transfer fee and you have 15 months to pay off that balance without incurring APR.
If the 39k or 17k CL is with another issuer, look to see if they have cards within the family that offer introductory 0%apr and apply and have the CL transferred from the 39/17k to the new card to support the transfer..again, this is presuming that the balance owed is not on those cc because you can't do balance transfers with same institution
If it is, most likely the only way is if the cc issuer offers you a convenience check so you can write it into a bank account and from that bank account pay off the cc..checks aren't issued as much and when they are they don't clear right away on system because of the type of check it is but theoretically it works (as in I've seen pple do this to balance transfer within the same company, from one cc to another cc that that company also issues)
however, they're issuing less and less of these so..there's another way to take cash out cheaper, but only if you're a business owner and I would give you a few guesses as to how that can be done. Versus the APR rates of balances carried over that is