Can You Pay Student Loans with A Credit Card?

Yes, you can pay student loans with a credit card. But, should you do it?

There are a few things to consider before using your plastic to pay off your student loan debt. First, most credit cards have higher interest rates than student loans. So, you’ll end up paying more in the long run if you use a credit card to pay off your student loans.

Second, many credit card companies charge a fee for balance transfers. That means even if you find a 0% APR deal on a credit card, you could still be charged 3-5% of the total amount you transfer over to the card. That could negated any interest savings.

Finally, if you’re struggling to make your monthly student loan payments, using a credit card to pay off the debt could put you in even more financial jeopardy.

The Law Offices of Omar Zambrano has helped thousands of people and also them businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706