02-03-2013 09:42 AM
02-03-2013 09:42 AM
02-03-2013 09:43 AM
02-03-2013 09:49 AM
02-03-2013 09:51 AM
If you are trying to raise your FICO score, paying the PayPal MC might help. I have found that the number of credit cards with balances negatively affects your score. By paying that $1,000 off, that will be one less card reporting a balance.
I know you realize that 0% credit cards doesn't really mean 0%. You have already paid a fee to carry that 0%...so at this point you may as well let it ride (and hope the market doesn't turn down). Don't forget that you could easily lose money on your investments....and then still have the credit card debt. Carrying balances on credit cards in order to invest it is high risk. I hope none of those investments are on margin.
02-03-2013 10:16 AM
02-03-2013 10:36 AM
Exactly shakalakaka! Lol
It's all about cash flow and cheap rates! Such an American idea! I've always made sure that if I were going to allow myself to go into cc debt that I kept an equal amount of liquid or easily liquified (lol) assets to pif if a big bank starts hassling me!!! Ever since I was 20 or 21, that is what I do. That's how banks manage their balance sheets, right? Except they leverage up like 40x haha. I think Citi failed that way? Lol!
Some here. And it helps if you want to app for something. You can always bring down your UTIL for a month and rack it up again after approval.
Pay down the Paypal beast and lower the Chase Util.
02-03-2013 05:17 PM
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