I need help deciding between a credit card or a taking out a private student loan.
So I need some help with a 5k school balance to graduate in the fall. I’m a mom of 3 and I don’t want to put my family in a financial bind, we just got in a good place!! Here are my options. A Sallie Mae loan vs a credit card. I’m leaning more towards the credit card because the APR is 0% for 15 months. I can definitely pay off 5,000 in 15 months. But am I understanding that correctly? Do I have 15 months to pay that off? Don’t I just need to make the monthly payments and pay it ALL off a month before the promotion APR ends??
My husband thinks I should just do a private school loan but the interest rates for that are criminal lol
I’ve never had a credit card and am pretty good about saving money and making smart financial decisions, I’m just a little desperate but still want to be smart.