Debt Consolidation - Anyone ever take advantage of this?

[KrazyKid]

@JRubino

I see where your coming from but if you have all of your other debt paid off purely based on your income from your real job, you can then focus on putting up a garage with more of your cash rather than the banks money.

I’ve always very good credit because I’ve been able to manage my money pretty well. I do have some debt, but I’ve taken the right steps to keeping it totally under control and of them is by this:

I’m also a homeowner myself and I took and still take advantage of interest free financing credit cards for Home Depot and Lowes. I added approximately $10,000 in improvements on my credit card and didn’t pay a single dime on interest simply by taking advantage of 0 interest for a year. As long as you map out what you’re going to pay each month and stay within the terms of getting it paid off before you get with a 25% interest rate, you can manage it quite well.

Yeah I hear you on that too. I put about 6K in appliances on a 0% one year card, that’s paid off without interest. The TV was half put on a sears card @ 0% that’s paid off. Some of the furniture in the house was on an account with them at 0% and paid off too. The improvements to the house $50K worth in materials was done under the mortgage, which even with that I pay less than most do for rent because we got an awesome deal all said and done.

Those things above all helped my credit score out a lot, but also work against me a bit because its avail. Credit open in my name. and closing them would not be good for my credit since it isn’t long standing.