05-15-2013 10:29 PM
05-15-2013 10:58 PM
Double edged sword tax liens and high UTL
I recommend you hit the garden and pay down debts
+1 Garden. Btw impressive that you have a 3000 line from Target, but how on earth do you have a 2500 balance? Nice job with the Barclays jumps too! But yeah, I'd try to pay those down. ASAP.
05-16-2013 07:56 AM
Thanks for the replies! I totally understand where you are coming from reguarding paying down the balances. I actually didn't think they were that bad. Only two cards are carrying a balance but Target is a little on the high side (electronics dept shopping). The rest are either PIF by the due date or not getting any use. Utilization currently about 38% reported.
As for the tax liens, I didn't get the winning Powerball ticket that I requested last night so they aren't going anywhere.
My reason for getting another card or two is to have cards with higher limits and lower interest. But I guess your right, I need to do a little work to make that happen. Barclay's has the low interest offer so if I pay down Target, I'll have Barclays as the only card with a decent balance (utilization on that card would be less than 50% then). I'll probably have a better shot at being approved for better cards.
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