Credit Cards Center Credit cards from our partners
Reply
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Need some gameplan advice for paying down my debt

Not sure how to respond to that. Im not looking for new credit at all. Yea I made a few poor decisions but its what I wanted and I feel as if I work hard everyday for my money and as long as im not defaulting on my agreements I can splurge on me every now and then. Ive curbed my spending and this year will be focused on repaying my debt.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Need some gameplan advice for paying down my debt


stormb28 wrote:
Your spending is out of control. Period. Youre worried about AA and youre buying impulse tickets to football games and gaudy car audio toys? Now, youre seeking a BT card to cover your reckless behavior. You are "scared" of the market, which is a long term investment vehicle, but you spend $1, 000s on "stuff"?

I obsess over $10 debt, yes, im that guy. I wouldnt be able to sleep if I were you. If its not a car, home, school, or medical debt I couldnt fathom carrying the debt you do.

Sorry to be so blunt, but you need to buckle down and take a long look in the mirror and curb your spending and decipher the difference between a need and a want.

Wow! I thought this forum was to help and give advice. Your 'bluntness' and your opinion does neither. 

New Contributor
Posts: 104
Registered: ‎12-12-2012
0

Re: Need some gameplan advice for paying down my debt

09Lexie,

I apologized if my bluntness was over the top. But he posted on a public forum, I offered my opinion or advice if you will. He solicited public opinion, he got it, good, bad, and ugly.

Sure, I could give him warm, fuzzy answers and tell him everything is going great. Hes not "treating" or "splurging" on himself in a responsible manner, hes accrued $18k in cc debt. He explicitly stated, if he had to pay cash for that football excursion, he would NOT have attended. What type of message does that convey?

Sometimes the truth hurts, with that said, I wish him the best, my advice? Stop spending.
Contributor
Posts: 75
Registered: ‎11-12-2012
0

Re: Need some gameplan advice for paying down my debt

This is why this generation is so messed up. They get butt hurt. Kids are being shellter. Entitlement. List goes on and on.
current cards
WM store
Cap1 platinum
WF secured
Amazon Chase Smiley Happy
Gardening since 12/20/2012
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Need some gameplan advice for paying down my debt

Who said I was butthurt? I asked for advice people responded. I dont have any reason to be mad, I know what I have to do and thats that. Im not entitled to anything thats why I go to work every week and get a paycheck. I dont need to be "sheltered" im a grown man who can take his lumps. The only real account that may be an issue for a little bit is my CU account all others are payed as agreed and on 0% terms. How is it that bad of me for using my cards? Ive never missed a payment always paid more than the minimum and have been responsible with usage for the most part. Past few months I did go a little overboard but its nothing I cant fix.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Community Leader
Senior Contributor
Posts: 28,802
Registered: ‎02-07-2013
0

Re: Need some gameplan advice for paying down my debt

[ Edited ]

Lumps are one thing.....dumps are another

Support is what this forum is about and LS you have mine!!!!!!!!!!!!!!!!!!!!!

Plan your actions and execute them

This point should be stressed more here an app spree should not be encouraged because its not for every profile
A thick file will support more apps at one time while a thin file may see negative reaction to this process

IMHO 4+ at one time is to many for a new file and it should be kept to 1-3 a year but we get caught up sometimes in seeing the little wheel spin and the words approved
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Need some gameplan advice for paying down my debt


myjourney wrote:

Lumps are one thing.....dumps are another

Support is what this forum is about and LS you have mine!!!!!!!!!!!!!!!!!!!!!

Plan your actions and execute them


+1!

New Contributor
Posts: 91
Registered: ‎09-29-2011
0

Re: Need some gameplan advice for paying down my debt

If it's one thing I've noticed being apart of this forum is that it's not like most other forums.  Other forums people get ripped to shreds the moment you post something like this from almost every single poster sitting on on their royal throne.  I am glad that this forum seems to be really civil and upbeat for the most part.  I appreciate that.

TU FICO 2/14: 701
Community Leader
Senior Contributor
Posts: 28,802
Registered: ‎02-07-2013
0

Re: Need some gameplan advice for paying down my debt


Nocturnal wrote:

If it's one thing I've noticed being apart of this forum is that it's not like most other forums.  Other forums people get ripped to shreds the moment you post something like this from almost every single poster sitting on on their royal throne.  I am glad that this forum seems to be really civil and upbeat for the most part.  I appreciate that.


I'm here because people care enough to help and share knowledge. I feel I owe what i've been given to return the favor IMOSmiley Happy

This point should be stressed more here an app spree should not be encouraged because its not for every profile
A thick file will support more apps at one time while a thin file may see negative reaction to this process

IMHO 4+ at one time is to many for a new file and it should be kept to 1-3 a year but we get caught up sometimes in seeing the little wheel spin and the words approved
Valued Contributor
Posts: 1,607
Registered: ‎09-15-2012
0

Re: Need some gameplan advice for paying down my debt

I also just want to point out to anyone who is ready to comment on LS' "frivolous" spending that he has publicly acknowledged some mistakes multiple times, which takes a lot of guts. He is clearly looking into reversing the damage, and I don't think he needs any additional tough love. But, I do think there is a time and a place for it on this forum, and usually those types of posts get plenty of appropriate tough love.

Anyway, off my soap box.

LS - I think you are doing just fine with your existing debt repayment plan. It doesn't sound like you are going to have any problems affording it, it will just take time. Paying a little bit of interest to PSECU isn't the end of the world, but it should be avoided in the future. Avoiding any big interest charges from the 0% cards should be your focus. And of course, that will mean cutting any and all outside spending, which will be the toughest part.

Good luck.

In My Wallet: Amex BCP (12/12) $32,000, Chase Freedom (12/12) $16,500, Citi Forward (12/12) $14,600, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Thank You Premier (6/15) $6,800

Last App: June 27, 2015

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.