Leo
08-20-2016, 01:09 AM
Well after considering what my spending spree this year has done to my credit I've deiced not to pursue the car for now...
If I were approved for such a loan I would more than likely get a very very high interest rate. I had never heard of interest rates being over 7% but shit they do exist and you would have to be crazy to get into one of those, but I suppose some people do because they have no choice.
Anyway, my thoughts are of course to pay off the credit cards. Both are well, pretty much maxed. The good news is that I'm no longer carrying the cards on me so I cannot use them. One card has a promotional balance that must get paid off. So I'm looking at apply for one of these credit cards that allow you to do a 0% balance transfer, gives me 18 months to pay that off interest free and will help attack the promotional, interest free balance and save money overall on interest. Now I don't know much really about credit, but I do know such things are bad for the credit score but in the long run, especially if I stick to it, it will be for the better. I don't think there's anything wrong with having more credit cards, just the overall picture of your credit.
Thoughts? Perhaps this is most sense I have made since I created the thread?
If I were approved for such a loan I would more than likely get a very very high interest rate. I had never heard of interest rates being over 7% but shit they do exist and you would have to be crazy to get into one of those, but I suppose some people do because they have no choice.
Anyway, my thoughts are of course to pay off the credit cards. Both are well, pretty much maxed. The good news is that I'm no longer carrying the cards on me so I cannot use them. One card has a promotional balance that must get paid off. So I'm looking at apply for one of these credit cards that allow you to do a 0% balance transfer, gives me 18 months to pay that off interest free and will help attack the promotional, interest free balance and save money overall on interest. Now I don't know much really about credit, but I do know such things are bad for the credit score but in the long run, especially if I stick to it, it will be for the better. I don't think there's anything wrong with having more credit cards, just the overall picture of your credit.
Thoughts? Perhaps this is most sense I have made since I created the thread?
"I’m not expecting to grow flowers in a desert, but I can live and breathe and see the sun in wintertime"
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