So I am caught in horrible timing right now.. just a few days ago I was still excited about new accounts with plenty of CL at nfcu. Then last night I came to realize I need a new roof on my house, 8-10k and the insurance companies here in Florida are going to keep raising rates until its done. Up $1100 for my December renewal.
I could put it on my new nfcu plat or write a navcheck.. but it will take at least a year or possibly two to pay off and those are at 12.9 and 15.9, too high to carry the balance that long.
I am in the 700's with 3yr8m aaoa and 20% util but up to 8 inq per. I dont have any cards at 0%. Should I app for a 0% card? Should I talk to nfcu for a heloc? Should I just bite the bullet and pay the interest? Anyone know other options? Maybe home depot? I heard their roof prices were high, but maybe their financing offsets?
Thanks for any suggestions!
I will be saving 1000 or more a year in insurance by doing the job, I just didn't want to go through all the doc requirements of a heloc since I am self employed.
What is your average CL and income?
You could check out stores that offer financing (such as those backed by GE), or you can apply for a credit card with a 0% promo outright. However, you may not get the CL you want.