I have a 2003 Jeep that is needing some mechanical fixing that I am unable to do myself. My Jeep has been payed off for several years with no issues until now. In total let’s say it’s needs around $1200 in fixings. I don’t have all of this and I’m coming to where I can’t put it off much longer. I have $850 in my savings and I have a credit score of 746 with one credit card with $600 debt ($1000 limit) and one loan for $8000. This is all my debt (not including home).
My question is do I use my savings to pay for one of the fixes on the car, then wait (and hope the other issue wont get worse) until I have enough to get the other thing fixed so that I don’t have debt or should I get a credit card with 1.5 years no interest and transfer my $600 to it and get my car fixed then work hard to pay off the card during that no interest period.
I’m concerned about completely losing my savings but I am also concerned about having that much credit card debt.
Which would be the best route or if you have a better idea please share.
Thanks!
Edit: spelling
Submitted October 05, 2018 at 02:04PM by IvegotANickel https://ift.tt/2E0Es3s
