Use your car loan to save money
Thursday April 24, 2008
Car loan refinancing to cover credit card debt can be an excellent way to save money from month to month. If you can find a lender willing to provide a secured loan that will cover both your car loan and your debts, such debt consolidation should result in a much lower interest rate for your credit card debts.
You may also wish to change to a credit card that will save on your auto expenses. The BP-Citibank MasterCard offer a 5% discount on purchases made at BP, including fuel, and a 1% cash back on all other purchases. You could save money on your credit card debt and decrease your car costs with just a little manipulation of the financial tools you use.
