I did what made sense to my piece of mind . First I paid off the highest debt card - it made me nervous. The lowest is almost done - and would have been gone , but for the job stuff. Once it is paid off the next two cards are pretty much neck and neck -- it will be a race. But I think Matt's first because it has a higher interest rate and mine has no minimum payment. then the oly debt will be house debt. I call this the Beth financial plan.
Don't kill anyone if you don't have to. We're here to make a deal.
Mal ,'Serenity'
Natter 63: Life after PuppyCam
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
beth b - Mar 03, 2009 8:22:19 am PST #8989 of 30000
oh joy! Oh Rapture ! I have a brain!
Ginger - Mar 03, 2009 8:27:44 am PST #8990 of 30000
"It didn't taste good. It tasted soooo horrible. It tasted like....a vodka martini." - Matilda
One problem with what the credit card companies are doing is that your credit score is based on the percentage of your total available credit you're using. That's why Clark Howard says to keep all your cards and charge a little on them each year. All my credit cards dropped my limit, and my credit score dropped like a rock. To add insult to injury, they all said they were doing it as a result of a "periodic review." Periodic my ass. I've had two of those cards for 20+ years and they've never periodically reviewed me before.
megan walker - Mar 03, 2009 8:31:52 am PST #8991 of 30000
"What kind of magical sunshine and lollipop world do you live in? Because you need to be medicated."-SFist
One problem with what the credit card companies are doing is that your credit score is based on the percentage of your total available credit you're using.
I don't intend to ever borrow again, so I don't particularly care what my credit score is.
To add insult to injury, they all said they were doing it as a result of a "periodic review." Periodic my ass. I've had two of those cards for 20+ years and they've never periodically reviewed me before.
Yeah, that's exactly the language they used.
Jesse - Mar 03, 2009 8:32:24 am PST #8992 of 30000
Sometimes I trip on how happy we could be.
Hey, 20 years is a period of time!
lisah - Mar 03, 2009 8:44:26 am PST #8993 of 30000
Punishingly Intricate
I don't intend to ever borrow again, so I don't particularly care what my credit score is.
Some employers check credit scores.
§ ita § - Mar 03, 2009 8:45:03 am PST #8994 of 30000
Well not canonically, no, but this is transformative fiction.
My landlord checked mine too.
flea - Mar 03, 2009 8:47:34 am PST #8995 of 30000
information libertarian
Ginger, can you expand on this:
One problem with what the credit card companies are doing is that your credit score is based on the percentage of your total available credit you're using.
I am not sure I understand. I have a ridic high credit limit, and do charge up to 10% of it on occasion, but have never carried a balance. And I have a really high credit rating.
Jesse - Mar 03, 2009 8:48:24 am PST #8996 of 30000
Sometimes I trip on how happy we could be.
You know what I'm not? In the mood for my 2 o'clock meeting.
And I ate a cookie and now feel yuck.
msbelle - Mar 03, 2009 8:49:05 am PST #8997 of 30000
I remember the crazy days. 500 posts an hour. Nubmer! Natgbsb
I just spent 3.5 hours on the phone to an overseas collegue to reconcile ONE invoice. OMG.
Jessica - Mar 03, 2009 8:52:35 am PST #8998 of 30000
And then Ortus came and said "It's Ortin' time" and they all Orted off into the sunset
I have a ridic high credit limit, and do charge up to 10% of it on occasion, but have never carried a balance. And I have a really high credit rating.
If you use a small percentage of your overall limit, you'll have a better credit rating. But if your credit company lowers your limit (or if you close an account), the percentage you're using will go up even if your spending habits don't change.