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take the 1000 and hit up the hustle casino... triple your money then pay off cc #1 and 2.
jordan23dotcom
Banned
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Open another card and pay off those cards with that, then throw away that other card. All problems sold. Then go to the casino and make it rain........... LOL
You must of listened to nike talk telling you the only way to be cool is to buy every shoe release huh? LOL
You must of listened to nike talk telling you the only way to be cool is to buy every shoe release huh? LOL
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True. Definitely takes discipline.
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pay off the $700 then $300 on the next one.
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No, since interest is charged, it's best to base the $700 or $2700 off interest. Instead of saying you just paid off a credit card.
Yeah, you might have paid off the $700, but you might end up paying $50 in extra interest on the other one. That $50 could have gone to a credit card.
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since he only has $1000, it woul dmake more sense to pay off one whole card top stop accruing interest on that card.
Let's let he pays $1000, but still has a balance on both cards. He doesn't have any more money to continue paying off the debt. Interest will continue to accrue on both accounts.
If he pays off the $700 one, he no longer has to worry about interest on that card (which could just bring his debt back to $700 if he doesnt pay it off fully).
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My guy what are you doing racking up that debt.
I got my CC when i was 16 and never spent a dime i didnt have
I got my CC when i was 16 and never spent a dime i didnt have
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Open up a fourth CC to pay off the debt.
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bhergh
Banned
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Sorry for misspelling the title.
Anyways thanks for the good advice in this thread. I think I will pay off the smallest first
Anyways thanks for the good advice in this thread. I think I will pay off the smallest first
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Also none of the debt was spent on anything materialistic. I ran into hard times I don't buy shoes
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Thanks for the words guys!
I paid off the 700 card in full and half of the 2700 one!!
My third card has ZERO APR for another 6 months and I'm back on my feet now so I'll pay it off for sure within those 6 months
Anyone know where I can check my credit score for free? Never checked it before
I paid off the 700 card in full and half of the 2700 one!!
My third card has ZERO APR for another 6 months and I'm back on my feet now so I'll pay it off for sure within those 6 months
Anyone know where I can check my credit score for free? Never checked it before
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is there any negative impact for checking through credit karma????
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You can check your credit once a year for free.
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Credit Karma was a little off on mine... Still in the same 'tier' though. It had me at 754 and USAA checked in on me during my pre-qual for mortgage and had me at around 780 on multiple scores.
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Nice so I checked on credit Karma and my score is 717, what is a good score?
Belgium
formerly colombia
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Man this is complicated. Glad my country doesn't have this credit score system.
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That's your credit report, not score.
Same with me. It's about 40 points off on the low side from my experience.
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I know this, I was just letting him know.
Credit Karma and Sesame provide a Fako score, it's basically a guesstimate
If you get a free credit report(TransUnion, Equifax, Experian), they charge you like $10 for the score.
It's best to find out if a company is using TransUnion or Equifax for their score and getting your actual score, because a Fako score might be off 40 or 50 points. Which is a pretty large gap.
Credit Karma and Sesame provide a Fako score, it's basically a guesstimate
If you get a free credit report(TransUnion, Equifax, Experian), they charge you like $10 for the score.
It's best to find out if a company is using TransUnion or Equifax for their score and getting your actual score, because a Fako score might be off 40 or 50 points. Which is a pretty large gap.
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/thread
Step 2. Pay off CC2 before CC3 starts charging interest. It's not the payments that kill you, it's the interest.
Paying off CC3 is going to be the hardest, because it has the largest balance. Figure out what the interest rate is on CC3, then calculate how much MORE you'd have to add to the minimum monthly charge to minimize the money lost due to interest. Usually it'd be around 20-24% if you have poor credit. I say you pay around $150-200 a month and clear the debt out in 19 months. If you really have the means, i'd say you put a little more.