I graduated from school in May and will start working next week. After graduating, I did not anticipate the expense of not working for 4 months, and have accumulated ~4500 in credit card debt. My first paycheck arrives October 10.
The credit card that the debt is on has an introductory 0% APR period which ends January 1 (I opened the card in October of last year.) I anticipate I will be able to pay this debt off by January 1 (thus avoiding interest and balance transfer fees) if I open a secondary card and put all new expenses on the second card, accumulating some additional debt while focusing on card #1 and then paying off card #2 after that. Is this a sound plan?
Submitted September 10, 2018 at 01:36PM by telephonist https://ift.tt/2O2ZcIx
