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Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

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:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Established Contributor
CruzImperial
Posts: 863
Registered: ‎07-04-2012

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 . App free since Aug 2013 .

Cap One Journey 500 | Discover IT 1k | 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 6k | Barclays Apple 2.5k | BoA CR 800 | CSP 7.2k
Frequent Contributor
Adalen
Posts: 353
Registered: ‎05-01-2007

Re: Using tax refund to pay cc balances

I enjoy getting my refund in one lump sum at the beginning of the year. :smileywink:  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.

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