HELP! Does anybody know what I can do???

mcdeb1958
Wed, 27 Apr 2005 18:47:14 +0000

It’s a little unorthodox, but does your brother have a credit card? He can charge the balance, then lock in a rate, now it’s about 4% or so if your credit is good and don’t use the card anymore because then the new balance has a new interest rate. You have to pay the minimum due each month but if that’s all you pay, the balance will decrease at a very slow rate. Try to pay it off by working. Maybe your dad could pay the minimum, it should only be around $100 a month. Then next year apply to be an RA. Before you do this, wait for any lurking accountants or other money-wise people to tell you whether it’s a good idea or not.