JPersat Tracker

Balance Transfer

JPersat — Mon, 19 Nov 2012 01:45:18 GMT

Thanks to the EO at Capital One, my lousy $500 rebuilder card was PC'd to no AF and a $1,500 CL. Paltry compared to some here :) but I was just happy to get some kind of results. They also upped my BBRZMC to $1,000. Love that EO. They should be more CLI friendly to those that have had the cards for 18+ months and always PIF! :)

Anyhow, my husband took a pay cut. We don't have much debt aside from our vehicles and probably about $1,800 spread across several cards. My discover right now is $800/1200, his freedom is $350/500, my USAA is $200/1000, BBRZMC $150/1000. My walmart has a balance if $75/300, and his is $375/800. We have a 5K signature loan at our credit union, but that payment is manageable - about $140 a month.

I don't mind carrying balances on the discover or freedom, since they're 0% into. I would, however, like to get their balances down. I want to pay the others off. Since finding this board, I've been a little OCD about keeping zero balances, but until I figure out how the new budget is going to work (1K less a month, but expenses still the same.), I don't think that's reasonable right now.

I'd like to keep the credit score impact minimal. Is it better to have just one with a moderate balance under 30%, or 3 cards at 10%? We're in the process of fixing up an old house to purchase in about 4-5 months. The monthly payment on that home will be less than our rent, so it should come out in our favor. We've refinanced out vehicles, and dropped the payment on one about 25%.

I'm thinking pay off USAA, BBRZMC and Freedom (already met the $500 spending requirement) and SD them until the money picks up again. Use the Walmart ones for gas, and discover as needed.

Capital one won't charge me a fee, but the balance transfer will max it out for a month or two.

Re: Had to come to a realization tonight.

JPersat — Fri, 09 Nov 2012 17:25:05 GMT

After reading this thread, I sat and looked at my CC balances. Now, my limits are paltry compared to many on here :) but I'm still a student, and while my husband works for the railroad, it isn't as lucrative as most think. We got to the point where we'd make minimum payments, then charge more than we paid..never getting anywhere. Finally, we pulled from our savings to pay everything off. What a nice feeling! We're somewhere in the middle now - about $5.5k in credit lines and about $1k in balances. Most of which are on 0% or other low interest promo cards, so I don't feel too bad..but look foward to having all zeros again. My husband took a pay cut, so we're having to revamp our budget. Most of the cards are now banished to the sock drawer until we can figure stuff out.

Good luck, LS. You'll do fine!

Re: November Walmart Scores are UP!

JPersat — Fri, 09 Nov 2012 16:34:36 GMT

I'm at 650, hubby is at 660. Its our first month with the free fico, so we'll see if we've had an increase or decrease next month when the last of the new accounts hit!

Freedom to southwest by chase

JPersat — Wed, 07 Nov 2012 03:48:03 GMT

will having a chase card, the freedom specifically, in good standing and always PIF help get the southwest card? We fly every year and those points would come in handy! Don't plan on apping for it til next year. Have about 6 inq across the reports that'll fall off by may.

Re: FYI Credit Sesame Nov credit scores are out

JPersat — Wed, 07 Nov 2012 01:12:40 GMT

Down 22pts. 639 (real EX from the lender was 651) to 617. Not surprised. Three new accounts, 5 inquiries.

Re: Chase Freedom APPROVED....but...

JPersat — Tue, 06 Nov 2012 05:10:02 GMT

Hubby got the somewhat crummy $500 cl, but I was just happy to have a freedom in the house! I want to use it for plane tickets but the CL is far too low :(

Re: Inquiries on report effect?

JPersat — Tue, 06 Nov 2012 05:05:14 GMT

I have 17 on TU. no big deal to our LO. They all had a reason behind them. 16 on EQ and idk on EX.

Re: GE and Mint... REALLY???

JPersat — Tue, 06 Nov 2012 05:03:10 GMT

Forgive my lack of quoting...iPhone.
Jutz, we may have the same CU, haha. Ours just "upgraded", too..right back into the stone age.

Re: GO WITH NEW HOME BUILDER?

JPersat — Tue, 06 Nov 2012 02:01:54 GMT

Good luck! We're under contract with DR Horton for a new home. All we're out of pocket is the $250 earnest money (normally $500, but hubby is a peace officer, so they discounted it).

This crap is stressful, isn't it?!?

USDA Guaranteed

JPersat — Tue, 06 Nov 2012 01:58:13 GMT

Is it possible to do a USDA guaranteed on a foreclosure?

Re: Discover CLI

JPersat — Tue, 06 Nov 2012 01:54:39 GMT

Great way to start the week! Congrats!!

Re: Couldn't Wait - HOLY COW NFCU - I <3 U

JPersat — Tue, 06 Nov 2012 01:42:35 GMT

I put the bug in my dad's ear to join..he's retired USAF, but I can't join unless he does, right?

Re: Couldn't Wait - HOLY COW NFCU - I <3 U

JPersat — Tue, 06 Nov 2012 01:39:11 GMT

Congrats!

I wonder why NFCU is so lenient on their CLs. I know the people in the military aren't rollin' in the dough! :)

Re: OMG NO WAY Discover!!!!!

JPersat — Tue, 06 Nov 2012 01:37:21 GMT

Congrats!! I love my Discover More :)

Re: USAA

JPersat — Tue, 06 Nov 2012 01:30:27 GMT

I got my USAA visa on 10/16..it reported a few days ago, but reported 0 even though I owe about $230 on it. My due date is 11/14, so I'm waiting to see when it updates next!

Re: Walmart Pre-Approved for $500

JPersat — Tue, 06 Nov 2012 01:27:37 GMT

Go for it. My husband & I both got one - my measly $300 limit (reconned from $150!), and he got $800. Our TU scores are only 5 pts apart. I'm hoping it really does grow like everyone says it will :) The savings in gas this month alone is worth it.

Re: Chase freedom to Chase Sapphire question

JPersat — Sat, 03 Nov 2012 16:15:31 GMT

How small a fee? Like a percentage?

Re: Discover cash back

JPersat — Sat, 03 Nov 2012 13:37:21 GMT

I meant Do...damn iPhone.

Discover cash back

JPersat — Sat, 03 Nov 2012 13:31:37 GMT

So I have to redeem it per statement or can I save it up to use all at once? Got $32 and some change in two weeks, my first statement cut yesterday..as did a balance..ugh.

Re: I Wish you could bribe Experian and the gang

JPersat — Sat, 03 Nov 2012 04:02:47 GMT

I don't understand why we can't buy our EX scores. Its horsesh*t. They're OUR scores, we should be able to get them without a hard pull from a lender.