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
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.