Good luck on your plan 
@Anonymous wrote:Who said anything about leaving the balance on the Walmart card forever? I assumed you'd be paying it off after all the others were paid off. The benefit of paying everything else off, as stated previously, is that you can snowball all of those minimum payments you would otherwise be making on those cards into significantly larger payments on your Walmart card.
Well yes I intend to pay it off. However, I want to get it off of that card before I'm charged interest!
@Anonymous wrote:I'm not sure when you received any of your cards, but Chase has a 5/24 rule that if you've got 5 new cards within 24 months, you won't be approved for their own cards (Freedom, Slate, CSP).
Very good to know. I only got my Freedom 8 months ago.
Thanks.
@NRB525 wrote:
My question relates to: What have you done with your available income these past 3 months to Take Action? Have you stopped using any cards? Have you paid down any of the smaller balances as a first step to getting it done?
Well, since money hasn't fallen from the sky - there hasn't been extra income to put towards more than minimum. Now that I will be paying most of them off, I'll have more to put towards the rest. I intended for it to be this way. I just purchased a home and had no other way to fund basic needs on top of furniture - which I had 0 of. I regret nothing!
@joeaseer wrote:
VGC's? Visa Gift Cards? I can with Lowe's (hence, the balance) But why pay this off first? ::Hoping you're not going to say it's a cash advance. I don't see such on my statements::
You keep mentioning "MS" but I'm not sure what you mean? Sorry. Please explain.
@jbishop1001 wrote:
@joeaseer wrote:
VGC's? Visa Gift Cards? I can with Lowe's (hence, the balance) But why pay this off first? ::Hoping you're not going to say it's a cash advance. I don't see such on my statements::
You keep mentioning "MS" but I'm not sure what you mean? Sorry. Please explain.
Its Manufactured Spending and its taboo to advocate it here on myFico.
Well. I followed the plan.
I'm at 28% UTL (without my new cards reporting... which include the Discover and everything after it in my signature)
Still have some debt (as expected) - but got some great balance transfer offers.
Got in with some great banks!
And still ended up with good scores!! All of the inquiries only caused like 5-10 point loss.
Total limit gained with CLI's and new accounts: Approx $23,000 (I lost track lol)
Congratulations!
Getting those balances on to low BT offers makes it easier to pay them down.
The apping is something where you only know the result after you app. The speculation of outcome here can be helpful in extreme situations, but for average credit files, it depends on the bank, and can be pleasantly surprising.
