2026-03-24T04:52:27Z https://yabu.me ChocoboRocket https://yabu.me/npub1z0qa9re86x0u5a4f325jcllejmz8cngwwne0grl4j00kxqgee8dqddw4eq https://yabu.me/nevent1qqs298g7ugz5g70xdq724w6sjjxgxwsy8hc7tx4wlhn4u4dmya0wjcszyqfur550ylgeljnk4x92jtrllxtvglzdpe609aq07kfa7ccpr8ya5dd50dh So my parents got scammed last night, fraud case is open but it&#39;s likely not gonna go anywhere and they&#39;ll be out 10K - they know better and now they really know better, and I&#39;m hoping to get some advice on a repayment strategy.<br/><br/>They absolutely don&#39;t have that kind of money and repayment will take a while. <br/><br/>Plan one is just put it on the mortgage, but they&#39;re currently locked in at a lower rate for 2 more years, so adjusting that isn&#39;t ideal if it changes the rate. If not, adding 10K to mortgage is no brainer. <br/><br/>Line of credit does carry lower interests, but it will accrue daily, credit cards are high interest, but interest is racked up monthly.<br/><br/>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? <br/><br/>Obviously there is risk in not having the credit card paid off in time, but would this strategy be viable if properly executed? 2024-08-01T13:26:51Z