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Using tax refund to pay cc balances

Valued Contributor

Re: Using tax refund to pay cc balances

Best method is to pay at the end of the year. Why give the money to the IRS when you can collect interest on it all year?

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%
Message 31 of 33
Established Contributor

Re: Using tax refund to pay cc balances

How do you guys change these settings lol

All of mine is going to cc debt, unfortunately.
Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Message 32 of 33
Frequent Contributor

Re: Using tax refund to pay cc balances

I enjoy getting my refund in one lump sum at the beginning of the year. Smiley Wink  We're going to Hawai'i in March, so it's mostly fun money but a good chunk is going into my kid's savings account.

2011: EQ 580~
2012: EQ 620~
2013: EQ 641, TU98 645, TU04 635, TU08 635, EX 648 (lender)
Closed on first home 4/25/13.
Message 33 of 33