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Furniture Purchase: Pay off Now or Later?

Frequent Contributor

Re: Furniture Purchase: Pay off Now or Later?



atlantacredit wrote:
Just for her.
 
I cannot have any credit for 5 years.
 
 


Why can't you have credit for 5 years..
When I filed in early 90's I had a card within 2 months afterwords...
New Member

Re: Furniture Purchase: Pay off Now or Later?

Because I filed a Chapter 13 which means I make payments every month and pay back part of my debt.  I assume you filed a Chapter 7.
Frequent Contributor

Re: Furniture Purchase: Pay off Now or Later?

Ah yes I forgot about 13, my lawyer said 7 was best for my
situation at the time...
Frequent Contributor

Re: Furniture Purchase: Pay off Now or Later?

I would at least get your furmiture debt down to less than 35% utilization
and you will be in the positive credit catagory, of course less than 10% is better..