Nitro Knowledge. Your Guide to Paying for College.
Death and debt—two topics many of us like to avoid. But one is inevitable and one is probable. Since the majority of Americans have some form of credit card debt at any given time, knowing what happens to this debt is important.
If you have credit cards, you may be wondering what happens to the balances remaining on those cards after you die.
It’s a question most of us ask ourselves at one point or another: “How am I doing financially compared to my peers?” While you can’t necessarily base the health of your finances on your friends' bank statements, it's a natural instinct to want to know how you measure up.
And if you happen to be a Millennial, you know how closely the world is watching you, especially when it comes to your career and finances.
Though student loan debt has now surpassed credit card debt, many Americans have the challenge of dealing with both.
The average college graduate now has more than $37,000 in outstanding student loan debt, and many people of those same people hold thousands of dollars in credit card debt as well.
Can you pay off student loans with a credit card? Sure. It’s a free country. But maybe a better question is should you?
It can be really tempting to look for shortcuts to get rid of student loans—and you’re not the first person to get one of those 0% APR credit card offers in the mail and go “Hmmmm.” But we strongly suggest you put the envelope down and back away slowly. Let's dig in a little deeper.