Debt/Credit Ratio

[Anonymous]

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@kal9988 wrote:

How low would my overall debt to credit ratio need to be to get 0% offers again?

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What are your current FICO's?

I'd say below 30%, on both.

[CreditCuriosity]

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@Anonymous wrote:

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@kal9988 wrote:

The goal is to get my score high enough that I can get another 0% card to transfer the balances to. The two offers end a month apart. 

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That's great and all, but even if you did an even split and paid 5.5K on the 14.5K balance and 4.5K on the 9.5K balance, You're still sitting at 60% and 50% utilization on the cards respectively. Your score will go up only marginally and I doubt you'll get another card with a good balance transfer offer for a limit that you are most likely seeking.

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See if you are pre-qualified for the slate on the pre-qual site?  Obviously don't apply until you have a plan as you are maxed on two cards and would get a crap limit

[TRC_WA]

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@kal9988 wrote:

The goal is to get my score high enough that I can get another 0% card to transfer the balances to. The two offers end a month apart. 

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That doesn't sound good at all...

A mess I'm glad I'm not in.

[CreditCuriosity]

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@TRC_WA wrote:

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@kal9988 wrote:

The goal is to get my score high enough that I can get another 0% card to transfer the balances to. The two offers end a month apart. 

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That doesn't sound good at all...

A mess I'm glad I'm not in.

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If however he decides to apply the first 10k the amount remaining isn't "HUGE" even if he doesn't get a 0% card again, it won't be fun to pay off and "huge" is a relative term compared to income so I guess it could hurt.  Best of luck OP.. 

[Anonymous]

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@CreditCuriousity wrote:

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@TRC_WA wrote:

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@kal9988 wrote:

The goal is to get my score high enough that I can get another 0% card to transfer the balances to. The two offers end a month apart. 

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That doesn't sound good at all...

A mess I'm glad I'm not in.

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10k isn't huge (well that term is relative to income, etc) , but deffinetly not going to be fun paying off if you can't get another 0% offer.

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We don't know the OP's situation as of yet, so let's reserve judgement.

[Anonymous]

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@TRC_WA wrote:

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@kal9988 wrote:

The goal is to get my score high enough that I can get another 0% card to transfer the balances to. The two offers end a month apart. 

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That doesn't sound good at all...

A mess I'm glad I'm not in.

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Thanks TRC_WA, this is the kind of useful information members come here looking for. 

[CreditCuriosity]

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@Anonymous wrote:

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@CreditCuriousity wrote:

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@TRC_WA wrote:

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@kal9988 wrote:

The goal is to get my score high enough that I can get another 0% card to transfer the balances to. The two offers end a month apart. 

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That doesn't sound good at all...

A mess I'm glad I'm not in.

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10k isn't huge (well that term is relative to income, etc) , but deffinetly not going to be fun paying off if you can't get another 0% offer.

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We don't know the OP's situation as of yet, so let's reserve judgement.

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Wasn't judging, just trying to put a positive spin on it...  I agree though how it can be taken that way.

[TRC_WA]

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@Anonymous wrote:

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@TRC_WA wrote:

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@kal9988 wrote:

The goal is to get my score high enough that I can get another 0% card to transfer the balances to. The two offers end a month apart. 

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That doesn't sound good at all...

A mess I'm glad I'm not in.

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Thanks TRC_WA, this is the kind of useful information members come here looking for. 

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My bad... next time I'll encourage a person to apply for more credit cards to pay off other credit cards... because after all, robbing Peter to pay Paul is the best way to financial success.

[kal9988]

Where can I find the pre qualified sites?

[NRB525]

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@Anonymous wrote:

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@TRC_WA wrote:

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@kal9988 wrote:

The goal is to get my score high enough that I can get another 0% card to transfer the balances to. The two offers end a month apart. 

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That doesn't sound good at all...

A mess I'm glad I'm not in.

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Thanks TRC_WA, this is the kind of useful information members come here looking for. 

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I didn't see... are the existing two card APR, after the offer expires, stated anywhere here? And how long do these 0% offers have to run yet?