What to pay off first?
I currently have a about $72800 in tradelines. I am using about $10K of that on one card that has 0% interest until Oct 2011. All the other cards are at $0. I also have a $25K balance signature loan that I am paying also (8%). I will be in the market for a home purchase around the Sep time frame (5 months). My EQ fico score is 769. I have about $4K to pay each month towards my debt. So, in order to give my FICO score the best "BOOST ADVANTAGE" for a home purchase, which should I concentrate on paying down first? The Credit Card or the Sig Loan? Thanks, all!
Categories: General Credit Tags: around-the-sep, credit-card, debt, fico, home-purchase, Market, paying-down, score-the-best, signature-loan, the-market, time-frame
Installment Loans & Line of Credit vs. Fico Scores ?
Does balance on a Student Installment Loan, which was in deferment and now being paid on for a year (15k to 11K), have a negative impact on scores if it showing more than the HIgh Balance?
Categories: General Credit Tags: balance, few-months, figure-out, gets-treated, getting-hit, installment, negative-impact, paying-down, showing-more, student, student-loans, util
credit card default judgement
In 1997, we got a credit card with a 1,000. limit. After 2 or 3 years, we told them to cancel the card and we just kept paying down the balance.
Categories: Mortgage Tags: after-the-fact, balance, Bank, credit-card, fact, lawyer, more-bills, parents, paying-down
2 Accounts Listed – Advice?
Hi Gang, I'm sure someone will have some helpful insight into something like this. I've provided as much detail as should be helpful.
Categories: General Credit Tags: Advice, card entry, credit-card, credit-reports, help-or-hurt, hi gang, history, Insight, listed-as-lost, listed-twice, lists-the-2003, Lost, lost-or-stolen, paying-down, show-the-same, the-information, thoughts, thoughts and ideas, until-the-point
Preparing for a short layoff
The restaurant I work for is going to be doing some extensive remodeling soon which will leave me jobless for a couple of weeks followed by a couple weeks of training on the new menu, wine list, and service. Training doesn't pay anywhere near what I usually make. I'm now of course on a hardcore saving regime, basically not spending a dime on anything but food and bills, but what else can I do in the meantime to ensure this is an easy month off rather than a total financial meltdown? I'm not really worried about not being able to pay for stuff, I'll still be able to cover rent (which is the main expense), I'm just worried what could happen to my poor new Discover card if I have to violate its $4k CL.
Categories: General Credit Tags: 3k, basically-not, couple-weeks, Discover, financial meltdown, hardcore, hardcore-saving, layoff, menu wine, new menu, paying-down, regime, remodeling, the-meantime, total-financial, vague-question, violate-its, weeks-followed, wine list