Credit Card Center Advertiser Disclosure†
10-23-2013 08:45 PM
10-23-2013 08:49 PM
10-23-2013 08:51 PM
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.
10-23-2013 08:51 PM
10-23-2013 08:55 PM
10-23-2013 08:57 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.