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04-02-2013, 02:22 PM | #31 |
Most Valuable Villain
Join Date: Dec 2006
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04-02-2013, 02:23 PM | #32 | |
Debunking your bullshit
Join Date: Aug 2002
Location: KC area
Casino cash: $4250315
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Quote:
# Have 1 bank credit card (Visa) Pay off in full every month Only one card. Does it have a low limit? That hurts as well. Not having much credit extended to you/available to you makes it hard to get more credit. Makes sense to them. |
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04-02-2013, 02:23 PM | #33 | |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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04-02-2013, 02:23 PM | #34 |
Resident Glue Sniffer
Join Date: Nov 2003
Casino cash: $3849358
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5 years ago-ish; laid off; foreclosed; job making 45% less; horrible situation
2013; making more than i did in 2008; paid off 2 cars, sold the motorcycle; paid of 3 cards; just paid 1/2 of the remaining balance of 1 card; paying the next 1/2 here in a few weeks;. paid off another card in full last month. 2 cards to go that are interest and penalty fee because we got on a payment plan. should be 'done' by summer next year. and not have any debt. haven't used a card since 2008. aside from buying something online, then immediately going to my card site and paying it off/crediting it etc.
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04-02-2013, 02:24 PM | #35 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $8939900
VARSITY
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By doing something, typically in a good way, obviously.
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04-02-2013, 02:24 PM | #36 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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04-02-2013, 02:24 PM | #37 |
Don't tread on me.
Join Date: Nov 2006
Location: Where the peaches grow
Casino cash: $9030572
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04-02-2013, 02:25 PM | #38 |
Superbowl MVP
Join Date: Oct 2005
Location: OOOOOOOOOOOOOLATHE
Casino cash: $9910252
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Here is the book:
http://www.amazon.com/The-Total-Mone...money+makeover I picked up the Kindle version for $10 He is on the Radio everyday too you can listen here: http://www.daveramsey.com - hes on for another 30min or so But here are the steps: Step 1- Save $1000 Emergency Fund Step 2- Pay off all Debts Smallest to Largest - using the funds you free up to add to the payment of the next debt - aka the debt snowball Step 3- Complete the ER fund with 3-6mo of savings Step 4- Put 15% of your income toward retirement Step 5 - Save for Kids' college Step 6 - Pay off House Early Step 7 - Become Wealthy and give a lot of it away Thats the VERY high level overview but the Key to step 1-3 is budgeting - give every dollar a name -- on paper - on purpose every month - Keep a $0 Budget meaning every dollar has a Job we are hooked We want to live like no one else so later we can live like no one else. |
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04-02-2013, 02:25 PM | #39 |
Hey Loochy, I'm hooome!
Join Date: Oct 2008
Location: PooPooKaKaPeePeeShire
Casino cash: $630397
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I'd give you a loan mr R8ers
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Hey Loochy, I'm hoooome! |
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04-02-2013, 02:25 PM | #40 |
Most Valuable Villain
Join Date: Dec 2006
Casino cash: $2555047
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Think about it. The bank is loaning you the money because they want to make money (interest) off of you. If you pay it off early.....they penalize you because they aren't going to make that money. A lot of banks don't do it anymore.....but there are some that still do.
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04-02-2013, 02:26 PM | #41 |
Emporer of Mongo
Join Date: Apr 2010
Location: Milky Way
Casino cash: $1587556
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from what i understand you should have 3-4 credit cards that you charge things to (you can still pay them off) so they remain active....(unsecured aspect)
also, if it has been a while since you have had a secured loan (car or house etc...) you should try and get a secure loan, even if you just pay it off...this could be the biggest factor in why your score is low. You might try to get a HELOC....use it once a year to make a large-ish purchase, then pay it off.....that may be all you need to do for the secured aspect. I think you are wise to want to raise your score. I'm in a similar position, but my score is now 750ish...I would like to try for 800+
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04-02-2013, 02:27 PM | #42 | |
Hey Loochy, I'm hooome!
Join Date: Oct 2008
Location: PooPooKaKaPeePeeShire
Casino cash: $630397
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Quote:
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Hey Loochy, I'm hoooome! |
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04-02-2013, 02:27 PM | #43 | |
Debunking your bullshit
Join Date: Aug 2002
Location: KC area
Casino cash: $4250315
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Quote:
It would be stupid to purposefully carry a balance for the purpose of paying interest. |
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04-02-2013, 02:28 PM | #44 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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Step 1- Save $1000 Emergency Fund--------Done X 100+
Step 2- Pay off all Debts Smallest to Largest - using the funds you free up to add to the payment of the next debt - aka the debt snowball---Done, Years ago Step 3- Complete the ER fund with 3-6mo of savings--- Done several times over Step 4- Put 15% of your income toward retirement--- 15% 90% OF THE YEAR 25% when I feel frisky Step 5 - Save for Kids' college---- Got it covered, Daughter not interested in being a brain surgeon Step 6 - Pay off House Early--- Done... Step 7 - Become Wealthy and give a lot of it away ---- Already give alot away, I pay the hell out of taxes while others sit on their ass and play xbox |
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04-02-2013, 02:30 PM | #45 | |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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Quote:
The system sucks if you ask me |
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