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Valued Contributor
Posts: 2,280
Registered: ‎07-23-2012
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Re: Using tax refund to pay cc balances


eviLution wrote:
I'm not in debt so it goes straight to my bank. I ain't getting much back though lol

it will be going too my bank account as well :smileywink: 

 

just going to use some of it to lower my utility. 

 

its nice making 500 a week and having no real bills. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$6,400
Citi DC $10,000
Citizens Mastercard$7,000
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
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Re: Using tax refund to pay cc balances

I have to pay taxes...ugh I hope some of my late's on prosper.com are going to use their tax refunds to get caught up.
Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
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Re: Using tax refund to pay cc balances

I plan to garden mine (lol) as I plan on buying a home the end of the year.

Frequent Contributor
Posts: 358
Registered: ‎06-25-2012
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Re: Using tax refund to pay cc balances


eviLution wrote:
I'm not in debt so it goes straight to my bank. I ain't getting much back though lol

SallieMae Money Market -- currently at 0.95% APY, no minimum, no fees

Frequent Contributor
Posts: 436
Registered: ‎03-19-2010
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Re: Using tax refund to pay cc balances

I pay off my cards monthly so no i won't. I could use it to pay down some of my 0% APR purchases from Best Buy but i don't care about my scores since i'm not getting any new credit so i'll let it sit in the bank and use the offer's full duration. :smileyhappy:

Established Contributor
Posts: 712
Registered: ‎06-11-2012
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Re: Using tax refund to pay cc balances

Thanks Swamp.

DCU Platinum: 4000 - Discover IT: 11000 - Walmart: 5000 - AMEX BCP: 18000 - Chase Freedom VS: 5000
in the garden since 1/24/14 - #GARDENSTRONG
Frequent Contributor
Posts: 358
Registered: ‎06-25-2012
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Re: Using tax refund to pay cc balances


eviLution wrote:
Thanks Swamp.

There are better deals as well. I'm getting 3% APY on my BCU savings account. When Chase sends me 12-month 0% APR convenience checks with a 1% fee, I deposit them directly into my savings account and earn a net 2% after the fee.

Regular Contributor
Posts: 208
Registered: ‎08-16-2012
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Re: Using tax refund to pay cc balances


SnackTrader wrote:

ninjamike81 wrote:

I am using my refund to pay a $600 balance on my citi card taking my over all util. from 10% to 0% than only letting walmart report b/c I cant get no love from them.  but the rest of the 6k left is paying off ALL my wifes baddies. Time for us both to be in the 700's

 

edit:  also buying credit reports for both once all the balances go down and baddies off.  here on my fico.  any body know if it is frouwned apon to just apply for a morgage just for the tripple pull.  my inq are through the roof anyway but can explain to underwriter if it comes up in a review


If you need to see your reports why don't you just go to annualcreditreport.com?

 

Or are you just looking to get your scores?


I know whats in the reports  really want the scores after all the balances paid off


Starting Score: TU 583, EX 683, EQ 653
Current Score: 10/12/14 TU 743 9/24/2014 EQ FICO 751,12/17/2014 EXPERIAN 772
Goal Score: 750

WALLET: CAP ONE UNSEC $2000, WALMART $3800, CITI SIMPLICITY $3600, DISCOVER IT $2000, BBRZ $2200, AMEX BCE $10,000, CHASE FREEDOM 10,500 KAWASAKI GOOD TIMES CARD $31,500
Established Contributor
Posts: 985
Registered: ‎09-10-2012
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Re: Using tax refund to pay cc balances

Yes, I will be paying off the balances that are left over from Christmas
TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

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Valued Contributor
Posts: 2,280
Registered: ‎07-23-2012
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Re: Using tax refund to pay cc balances


Mike360 wrote:

I pay off my cards monthly so no i won't. I could use it to pay down some of my 0% APR purchases from Best Buy but i don't care about my scores since i'm not getting any new credit so i'll let it sit in the bank and use the offer's full duration. :smileyhappy:


the two ive done I just paid minimum and then paid in full the last month. 

havent really gone on app sprees so dont really have to worry about scores even though i check them everyday lol. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$6,400
Citi DC $10,000
Citizens Mastercard$7,000
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