So my parents got scammed last night, fraud case is open but it's likely not gonna go anywhere and they'll be out 10K - they know better and now they really know better, and I'm hoping to get some advice on a repayment strategy.
They absolutely don't have that kind of money and repayment will take a while.
Plan one is just put it on the mortgage, but they're currently locked in at a lower rate for 2 more years, so adjusting that isn't ideal if it changes the rate. If not, adding 10K to mortgage is no brainer.
Line of credit does carry lower interests, but it will accrue daily, credit cards are high interest, but interest is racked up monthly.
Would it be possible/smart (assuming +10K credit card capacity) to move LoC debt to the credit card for 25 ish days a month to avoid daily LoC interest, and then send the debt back to LoC for 5ish days (transfer time) and have the credit card at $0 at the end of every month? No credit card interest and far less days for LoC debt to accrue interest?
Obviously there is risk in not having the credit card paid off in time, but would this strategy be viable if properly executed?
A good chunk of Trump's cancer is caused by terrible left wing policy.
I hate Trump and everything about the far right, but I can understand people falling in love with the idea of a strongman who will cut through bullshit and do what people want.
The left is supposed to mitigate income inequality, and make life good for their citizens.
Both left/right idealogies are entirely owned by corporate interests across the globe - this is the crux of the entire issue.
The problems facing the middle class are entirely artificial and intentional. There are a myriad of reasons, but the end result is that we have one societies/laws/reality for the wealthy, and a completely different set of rules for the population.
The left promises to solve everything with equality and the right promises to resolve everything with hierarchy.
Neither idealogy has any intention of doing anything but funnel as much money/power to big business until their political careers are done.
The obvious difference is the "Right" idealogies are objectively bad for everyone but the ultra wealthy. Unfortunately being ultra wealthy gives you the ability to own national anti-reality propaganda networks.