do you have a good credit history?
Apply for a 0% Balance transfer credit card that gives you a year or 6 months to pay it off.
[quote=“BikerFry,post:38,topic:26801"”]
I know you were just speaking in general terms, but $4k of CC debt ain’t no thang.
[/quote]
True… or at least you’d hope so.
i totally agree with rx3 on this…
you may be able to obtain a 0% or low % balance transfer on a credit card to help paydown your debt but it won’t last for long. You could play the game and open a new card with a different company every time the promo is about to end and roll it over again until its paid off but if you go delinquent the promo rate will terminate in most cases, maybe reported to the credit bureaus and be back in the same high apr boat your currently in.
I’d take the easy way out and obtain a debt consolidation loan and pay it off once and for all. this would be a nice way to help budget things out as well since you’ll have a set amount to pay off every month.
take the 60 month plan and pay an extra $20-40 over your monthly payment. This will effectily cut down on the amount of interest that your paying on and more will be applied to principal every month. thus cutting down the actuall amount of payments needed to pay it off and saving your self some money in the long run…
The average loan is at 12% right now which work out to be $90 a month on $4000 for 5 years. if you paid $120 a month towards that it would be alittle over 3 years to pay it off.
Just something to think about…
i’d get rid of the car and play the game when you can REALLY afford to play in a few years. that’s what i’m doing in october '07, if not sooner.
well, to be honest at this point moving back home wont save me anything since i can take the same amount of money on gas driving back and forth as i do living across the street from school and walking, which is what i basically do. i SHOULD be able to pay off my cards over summer if this internship at cannon design goes through that i applied for, and other than that i have indeed stopped modding the focus. my goal for this year was just work the bugs out and have one season with it just left the way it is. it might get painted as a gift and thats about it for this year. i have been eating nothing but grilled cheese, eggs, cereal, and ramen noodles for 2 months now trying to stay on top of things. i just hate turning over every dollar i make. it really sucks right now. i just cant wait for this semester to be over. and joe(nitroinsane) i would appreciate any help if you were serious about talking to your mom.
[quote=“BikerFry,post:16,topic:26801"”]
Money is just NUMBERS! Don’t pay a higher interest rate just because it gives you a bad vibe!
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x2 million
who cares where it comes, if it is a lower interest rate you are in a better position. Hell even taking a personal loan from a bank or credit union is going to be better than carrying it on a credit card.
Take a loan at the lowest possible rate you can find, that is all you need to do. Short of growing a money tree of course (pm me if you figure that one out :tup: )